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Almost two years after Mascot Towers was evacuated, owners will meet on Thursday evening to discuss the collective sale of the property in a bid to end their nightmare.
Residents will attend an informal information evening at The Juniors Maroubra club to discuss their limited options. The future of the building will be decided at an extraordinary general meeting in about two weeks when owners will vote on the preferred outcome.
The possibility of selling the 132-unit block in Sydneyâs south was first raised in May last year.
Credit:SMH
Mascot Towers Owners Corporation chair Gary Deigan said while owners had sought rectification of the property, high engineering and construction costs had left them in financial strife, with many unable to meet bank repayments.
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