At a courthouse auction Wednesday, Wells Fargo bank legally took possession of the Downtown property from the prior developer that was unable to complete the Project due to the 2008 financial crisis. The bank “credit bid” the $108 million that … Continue reading
Daily Archives: August 19, 2011
FollowGonna be a long evening for us, not so much for everyone else. We start the evening with Board and Commission interviews>, followed by a closed Redevelopment Agency session regarding the Downtown. This almost certainly deals with Wednesday’s foreclosure auction, … Continue reading