Under a proposal by Murphy last month, a larger portion of the city's share of the $225-million project would be borne by the city's redevelopment agency. Prior to the taxpayer association endorsement, Murphy removed a large waterfront hotel from the financing plan. The taxpayers association had claimed that the hotel posed an unacceptable financial risk to the city and its residents.
In an attempt to remove any taint caused by former Councilwoman Valerie Stallings' involvement in the original votes, the city council is scheduled to reconsider more than two-dozen ballpark-related votes today.
Stallings resigned Jan. 29 and pleaded guilty to two misdemeanors in connection with gifts received from Padres owner John Moores, after she had she failed to return and failed to recuse herself from ballpark related votes.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
