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The fallout from San Diego’s problematic lease-to-own agreement for the former Sempra Energy headquarters at 101 Ash St. continues to broaden.
The lender that financially backed Cisterra Development, the middleman company that leased the 19-story high rise to the city of San Diego on behalf of its former owners, announced late last week that it would do whatever it could to protect its investment.
Meanwhile, a state appeals court has rejected City Attorney Mara Elliott’s bid to get a citizen’s lawsuit challenging the deal thrown out of court.
The three-judge panel denied the appeal late last week, meaning that plaintiff John Gordon and his lawyers can proceed with their lawsuit seeking the return of tens of millions of dollars the city paid to lease the vacant building and the cancellation of the original lease.
Judge lets taxpayer lawsuit against city over Ash Street lease proceed for now
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San Diego taxpayer lawsuit over Ash Street lease scheduled for Friday hearing
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