East Bay Business Times: Alameda approves two-year negotiating agreement with SunCal
Submitted by west on Thu, 07/19/2007 - 21:00
Excerpt:
Mayor Beverly Johnson said she was concerned the exclusive negotiating agreement did not provide enough details regarding financial backers and third-party development partners to ensure the master developer will follow through on its commitment. Myers said the company had never walked away from a project, and always found creative ways to make them work, but he could not give an unconditional guarantee.
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