Charbonneau: Joseph Farinacci testifies

Posted By: Richard Deschamps · 2/4/2013 12:12:00 PM

The Charbonneau Commission is hearing from a former director of the City of Montreal's real estate transaction service, who says he quit his job in 2007 because the city was selling land he felt at prices far below their value.

Joseph Farinacci, former director of the city of Montreal's real estate transaction service, told the Commission's hearings the city was trying to get the best value for taxpayers when the city sold a huge tract of land for a real estate project in Riviere-des-Prairies back in 2005.

The city had bought the 2 million square foot piece of land for $7.7 million back in the 1980s, but sold it for just $1.5 million.

Farinacci says former executive committee chairman Frank Zampino intervened when he recommended another developer for the Riviere-des-Prairies project.

Farinacci says the city also ignored his recommendations on another controversial land deal -- the scandal-ridden Faubourg Contrecoeur project.

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  1. Herry69 posted on 02/04/2013 01:40 PM
    remember the sponsorship scandal ? that had little to do about the liberal party and more to do about quackbec corruption ! it would not have made any difference what political party was governing because the corruption was ging to happen anyway ! because of this FACT, we would all NOT be suffering under harper and the corruption party !!!! the soon quackbec gets the hell out of MY country, the better ! ASAP !!!!!!!!!!!!!!!!!!!!!
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