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How does San Diego make such bad deals?
Thank you for the informative, in-depth article in Sunday’s paper. The cost of the two Residence Inn hotels the city acquired is absolutely alarming. I have no beef with the purpose of these property acquisitions but why did we pay such a ridiculous premium?
How can the myriad poor real estate investments by the City of San Diego pass through the approval process that any normal business operation would have?
Coupled with the Ash Street debacle, it’s apparent that the city is in need of a complete change within this department starting at the top. And don’t forget who was at the very top of these acquisitions someone who wants to be our next governor Kevin Faulconer.
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