The finance company behind the construction of the now crumbling Penhorwood Condos is being added back to the list a defendants.
Reversing the decision of a Commissions judge, the Alberta Court of Appeals has deemed that MCAP can be found financially liable in a $60 million lawsuit.
Condo Board Chair, Christine Burton says, judging by the courts decision, the lawsuit is built on a strong legal foundation.
"The court uses some very interesting language, in describing the Condo Act and it's purpose in protecting condo owners particularly those who buy condos in advance of being completed, they refer to the idea of developers who promise much and deliver little," said Burton.
Burton says she's very proud of the owners for their resilience throughout the past 11 months, adding that a couple of those involved in the litigation have recently been forced to mortgage their homes.
The financing company is not the first of the more than 20 defendants to attempt to escape litigation.
Last year the apartment's owners voted to borrow the money to tear down and rebuild the downtown condos.