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BridgePoint launches expropriation financing service for businesses hurt by Crosstown project

Many businesses seeking legal representation and financing, says BridgePoint general counsel

October 1, 2020

An expropriation and business loss consulting and financing program has been launched by BridgePoint Financial to help recoup losses and restore financial stability to businesses impacted by the delayed Eglinton Crosstown light rail transit project in Toronto. The 19 km corridor is slated to run along Eglinton Avenue between Mount Dennis (Weston Road) and Kennedy station and will include a 10-kilometre underground portion. An estimated 3,000 small businesses have been negatively affected by the project. Many have had to relocate or close down entirely.

Dubbed CrosstownHelpTM, BridgePoint’s new service offers access to legal representation, expert advice and financing that business owners can use for working capital, relocation costs or to pay for costs of litigation or expropriation claims. Clients may choose to consider litigation financing in order to keep a business afloat or to cover legal fees or business relocation, for example.

“The reality is that for most of these business owners who are being adversely affected by the infrastructure project along Eglinton, the last thing they have is disposable discretionary income to pay a lawyer,” says Amanda Bafaro, chief risk officer and general counsel at BridgePoint Financial – a provider of specialized financing solutions for the Canadian legal services market.

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BridgePoint launches expropriation financing service for businesses hurt by Crosstown project
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