Editor’s Note: I thought I’d revisit a few stories I’ve covered this year to see how things have been coming along.   Blowin’ in the wind Capitalize Albany Corporation (which does not, sadly, exist purely to stamp out lowercase spellings of the New York State capital but is the city’sRead More

During the first era of Albert Barbusci’s “Novaporte” scheme, one I have come to think of as the “Sino” era, China was going to be key to everything: China was going to finance, build and operate a deep-water terminal for ultra-large container vessels (ULCVs) in Sydney Harbour. This gave certainRead More

A number of spectators have pointed me toward the latest Bridging Finance developments and, given the recent Novaporte announcement, this seems as good a time as any to do a check-in. Bridging, in case you’ve forgotten, was the Toronto-based private debt lender that loaned Membertou Corporate $6.8 million to investRead More

Who has seen the wind? I didn’t get the invite to Novaporte’s “transformational” announcement at Membertou on Thursday (note to self: ask Tim Bousquet if “transformational” and “transformative” have become the new “innovative”—applied to everything from sewage treatment plants to wind marshaling ports). Looking at this photo I have toRead More

Yesterday, in Newfoundland and Labrador, Canadian PM Justin Trudeau and German Chancellor Olaf Scholz signed what was initially billed as an “historic accord” but quickly downgraded to a “non-binding agreement” to encourage the production of green hydrogen in Eastern Canada for shipment to Germany, starting in 2025. Per the GlobeRead More

There have been some developments—none that could be considered good—in the Bridging Finance story. As you will recall, the local angle on this tale of a Toronto-based private debt lender in receivership is that Membertou Corporate borrowed $6.8 million from Bridging to invest in Albert Barbusci’s Sydney harbor container terminalRead More

Bridging burning There’s a big update this week on Bridging Finance, the private debt lender that extended Membertou a $6.8 million loan in January 2020 to invest in Novaporte, promoter Albert Barbusci’s proposed Sydney harbor container terminal project (and that took what Barbusci termed a small equity stake of itsRead More

Full disclosure: I thought 2021 was going to be vastly different from 2020 but instead, it unfolded like we’d given 2020 a 12-month extension on its contract. The COVID pandemic continued to loom large in everyone’s lives although, as you’ll see, I modified my response to it. I spent muchRead More

The last three months of 2021 found me, as always, following CBRM happenings — particularly around waterfront development and cruise news — but also looking further afield at stories with local angles or implications. In particular, I got interested in how some Saint Lucians were responding to the arrival ofRead More

I thought it might be time for an update on the Bridging Finance story but in case you’ve forgotten about Bridging, I’ll do a sort-of “previously on” recap. Bridging Finance is a Toronto-based “alternative lender” providing financing to projects considered too risky by traditional banks. It raises money through theRead More