When New York City club king Peter Gatien landed in Toronto and declared he would change the city’s nightlife forever with his audacious new nightclub Circa, he couldn’t have known he was laying the groundwork for one of the most expensive financial flops the city’s club set has ever seen.
The only thing left to fight over when the club closed in March was some old furniture and about $15,000 worth of booze – cold comfort to investors who were owed some $8-million.
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