San Diego Mayor delays vote on 101 Ash Street settlement
The Mayor is asking the council to approve a $132 million purchase of two downtown buildings, a deal that the City Attorney opposes.
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The Mayor is asking the council to approve a $132 million purchase of two downtown buildings, a deal that the City Attorney opposes.
San Diego's City Council postponed a Monday vote on a proposed settlement on 101 Ash Street announced by Mayor Todd Gloria last week.
The San Diego City Council will consider a proposed settlement over the 101 Ash Street and Civic Center Plaza deals that would transfer ownership of the properties to the city for around $132 million.
A vote on a proposed settlement with Cisterra Development and lender CGA over the 101 Ash Street and Civic Center Plaza real estate deals was delayed Monday.
Mayor says he wants to give public more time to review complicated deal and predicts item will return in about one month.