The Island: A little bit of this, a little bit of that
Submitted by west on Wed, 02/17/2010 - 06:31
The developer withdrew its requests that the city extend its exclusive negotiating agreement to ink a development deal at the base by two years, and also asked the city to table its request to rescind the notice of default the city sent on February 5. But the council voted to ask SunCal to allow the city to amend its agreement to open negotiations and release negotiation documents, including the pro forma that lays out the financial assumptions that underpin SunCal’s plan. Meanwhile, opponents of SunCal and their plan said they want the city to kick the developer off the Island.
Link to complete story: