City, Developer to Go to Mat
Even the longest-running contractual relationships can go sour, as evidenced by a soap opera going on in West Covina, California, where a real estate developer and car dealer’s 25-year “partnership” with the city has turned south.
The city council has declared Zaid Alhassen in breach of contract over projects funded by some $13 million in city loans and incentives. One of the projects in dispute is a new Hummer dealership (left), partly financed with $3.5 million in city incentives.
[Frank Snyder]
Originally published at contractsprofblog.lexblogplatformfour.com
Citation
ContractsProf Blog, City, Developer to Go to Mat, ContractsProf Blog (May 14, 2006) [The Library at LexBlog, LEX-WK-HY3XPS7V, lexpid.org/HY3XPS7V]
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