The Island: COUNCIL SET FOR SUNCAL VOTE TONIGHT
Submitted by west on Tue, 07/20/2010 - 06:27
Excerpt:
The City Council is set to decide tonight whether to deny SunCal’s proposed development plan for Alameda Point, effectively sending the developer packing as its exclusive, three-year deal to negotiate a development deal for the Point expires.
The Irvine, Calif.-based developer’s tenure here has endured shifting political alliances and a failed bid to win voter support for their project, accusations of malfeasance that crossed both sides of an increasingly broad chasm between SunCal and city officials and a blisteringly bad economy that left Southern California littered with the developer’s bankrupt projects in various states of completion.
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