The B.C. Supreme Court has ordered a company to return a $6.18-million construction deposit to the City of Terrace after it failed to meet project deadlines.

B.C. Supreme Court Justice Mark Underhill has dismissed a lawsuit filed by Taisheng International Investments Services Inc., which sued the City of Terrace for the deposit related to the construction of a new industrial park south of the city airport.

Taisheng argued it was contractually allowed to keep the construction deposit, despite not developing a groundwater system for the park, which is a joint venture between Terrace and the Kitselas First Nation and has been in the works since 2014.

But in his ruling , Underhill said that Taisheng is not entitled to the return of the deposit after deadlines weren't met, and “to find oth

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