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Report: TCDC pays $3 million in keeping with court order

MovieTowne’s leaseholder Trinbago Commercial Development Company Ltd has reportedly paid the $3 million it was ordered to pay by the court.

This is according to the T&T Newsday and is part of an ongoing legal battle with the Port of Spain Infrastructure Development Company.

POSINCO took possession of the MovieTowne Compound last week and during the court matter, there was an order for TCDC to pay $3 million on or before August 28th.

This represents part of the rental arrears reportedly owed.

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