Page 3 - Cisterra Development News Today

Under a deal approved Wednesday by the City Council, he will also pay back the money he collected from a pair of leases that cost San Diego hundreds of millions.

Former city real estate adviser pleaded guilty to a misdemeanor conflict-of-interest charge after agreeing to essentially pay back the city $9.4 million he received from the city’s ex-landlord for his work on two city lease deals. 

The plea bargain came one day after the San Diego City Council voted 7- 2 to approve a deal for Jason Hughes, 55, to pay back the money he received from landlord Cisterra Development for facilitating the deals.

The city would collect $9.4 million from Hughes if the deal wins City Council approval at a special afternoon meeting Wednesday.

 The real estate adviser who helped broker the city of San Diegos lease-to-own agreements for the 101 Ash Street and Civic Center Plaza buildings pleaded guilty Thursday to a misdemeanor conflict of interest charge and agreed to return more than $9.4 million he was paid by the citys former landlord.

His guilty plea Thursday also calls for him to return $9.4 million to the city.

The real estate adviser who helped broker the city of San Diego’s lease-to-own agreements for 101 Ash Street and Civic Center Plaza buildings pleaded guilty...

The new debt is expected to cost city taxpayers $7.4 million per year for the next three decades.

The City Council is scheduled to confront a host of issues at a Monday meeting — among them plans to issue more than $100 million in bonds to buy out the lease for the troubled former Sempra Energy headquarters and the nearby Civic Center Plaza.

Litigation contends the intensity of The Preserve at Torrey Highlands should have triggered a citywide vote