The Toronto-based company that offered to buy Winnipeg's Portage Place mall more than a year ago is now asking for three more months to close the deal. Starlight spokesperson Marni Larkin says this will likely be the last extension the company will agree to before deciding to walk away from the deal. The company has offered to buy the property for $69.9 million and promised $400 million to redevelop the massive downtown Winnipeg mall. The City of Winnipeg and province of Manitoba have pledged their support, but the federal government wants more time. "Starlight has chosen to extend their deadline by three months, and we remain in close contact with them."

Source: CBC News August 27, 2020 18:33 UTC