Million-dollar home of former Ornge CEO sold
The home of former Ornge CEO Chris Mazza sold and the provincial government may collect some cash from the sale on Thursday, March 29, 2012.
Published Thursday, March 29, 2012 8:42PM EDT
A million-dollar home belonging to the former CEO of Orrnge has sold and the Ontario government will want its share.
The Ontario government has a lien worth $500,000 on Dr. Chris Mazza's home on Blackdown Crescent in Etobicoke, which it can now collect.
The home was listed for $1.4 million and sold for a reported $1.3 million.
The government says Mazza owes it money for a series of loans issued to him by Ornge back when he was still CEO.
Mazza was given a series of loans worth $500,000, $450,000 and $250,000 from Ornge and he used some of that money to buy the house.
It was reported that the money was part of his compensation. He was already making $1.4 million per year when he received the loans.
The sale is expected to close Saturday.
Mazza is also listed as creditor in the Ornge bankruptcy hearing, which is ongoing.
With files from CTV News' Paul Bliss