Last week, Mayor ToddGloria proposed a settlement for the 101 Ash Street real estate deal that would cost taxpayers millions of dollars. After fierce backlash from the public and elected officials, Gloria was forced to delay the vote for a month.
with Cisterra Development and lender CGA over the 101 Ash Street and Civic Center Plaza real estate deals that would transfer ownership of the properties to the city.
Mayor Gloria said his aim was to “reach a lawful, fair settlement that limits the city’s liability and is in the best interest of taxpayers.” Democrat Councilwoman Vivian Morena, Elo-Rivera, and Republican Christ Cate were quick to support Gloria’s proposed settlement,
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