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Sworn testimony by executive reveals what San Diego council wasn't told about Ash St. deal

Sworn testimony by executive reveals what San Diego council wasn't told about Ash St. deal
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Civic Center Plaza Lenders File to Evict the City After Rent Non-Payment


Civic Center Plaza Lenders File to Evict the City After Rent Non-Payment
It’s not immediately clear what the filing could mean for more than a dozen city departments and about 850 employees who work in the building.
This post has been updated.
Lenders behind the city’s Civic Center Plaza lease are officially trying to evict the city and hundreds of employees from their downtown office space.
Wilmington Trust, a national investment management firm that serves as a trustee to investors who supplied upfront cash for the Civic Center Plaza lease, on Tuesday filed an unlawful detainer lawsuit, a legal action to evict a tenant, in San Diego Superior Court weeks after the city failed to make its July rent payment. ....

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Audit finds failures in multi-million dollar deal for San Diego's 101 Ash Street


and last updated 2021-07-23 22:42:19-04
SAN DIEGO (KGTV) - A new city audit is taking aim at the players behind the shuttered multi-million dollar taxpayer-funded 101 Ash Street deal.
“I m surprised by how honest it is,” said former San Diego City Attorney Mike Aguirre. He spoke to ABC 10News on Friday about the audit’s findings. Aguirre is involved in a corruption lawsuit against the City over the lease-purchase agreement.
“At this point the case against the City and City officials and Cisterra and the people that perpetrated this is getting more and more powerful and at some point, I have to think that the criminal people are going to step in and say that we ve got to look at this and see what really happened,” Aguirre added. ....

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Audit finds former mayor and staff misrepresented Ash Street facts, withheld key details from City Council


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Former San Diego Mayor Kevin Faulconer and his staff withheld information from the City Council and misrepresented facts about multiple properties acquired by the city in public reports or presentations, an independent audit released Thursday concludes.
The study issued by the City Auditor’s Office also found that the Faulconer administration failed to conduct proper due diligence before entering real estate deals worth more than $230 million.
“The prior city administration diminished City Council’s oversight capabilities on major real estate acquisitions by failing to provide complete and accurate information,” the audit found.
The report included many recommendations to prevent future real estate acquisitions from being mishandled. Senior aides to Mayor Todd Gloria accepted many of those suggestions but rejected some proposals aimed at improving oversight. ....

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