The Marriner Group sought $20.4 million in insurance due to the impact of COVID-19 lockdowns on its Melbourne theatres. A Supreme Court judge had the final say.
The Supreme Court found this week that Marriner Group would be entitled to just $2,816,005, almost $18 million less than they had sought, after their iconic venues, the Princess, Comedy, Forum and Regent theatres and the Plaza Ballroom, posted losses in the millions of dollars when closed at various times during the dark days of COVID-19.
However, CBD thought that blow may be somewhat softened given David Marriner secured a blockbuster retail property deal in April, when he sold the building at 42 Russell Street for $75 million to Chanel’s ultra-wealthy owners. “For 16 years Steve has been a constant on this council and a terrific leader during his periods as mayor. He is someone who has always had kindness, fairness and justice at the forefront of his decision-making and at all times tried to get the very best for our city,” Davey-Burns said.
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