Mascot Towers shopkeepers may put a stop to owners’ plans to cut losses and sell

A plan to sell off the beleaguered Mascot Towers in Sydney’s south has stalled after an intervention by shopkeepers on the ground floor of the building.

It’s been almost two years since large cracks appeared in the basement of the 10-storey building, forcing the evacuation of residents who have been unable to return to their homes since.

Two weeks ago the building’s 132 apartment owners were told by the owners corporation it was no longer financially viable to fix the building and their best option was to cut their losses and sell to a developer.

Now several businesses, which have managed to keep trading at the site, have moved to block the sale plan.

They’ve applied to the NSW Civil and Administrative Tribunal for a compulsory strata…