Council to discuss, vote on proposed settlement for 101 Ash, Civic Center

SAN DIEGO - The San Diego City Council will Monday consider a proposed settlement with Cisterra Development and lender CGA over the 101 Ash Street and Civic Center Plaza real estate deals that would transfer ownership of the properties to the city for around $132 million.

"Because there was no possibility of an ideal outcome from this civic debacle, our aim was to reach a lawful, fair settlement that limits the city's liability and is in the best interests of taxpayers, which is what this proposed settlement is," said Mayor Todd Gloria. The San Diego City Attorney's Office is also expected to urge the City Council to reject the settlement, according to a report drafted prior to last Monday's hearing.

Under the proposed settlement, the city will be responsible for all remediation fees to get the building habitable. Steve Black, chairman of Cisterra Development, issued a statement saying,"Cisterra and our lender have participated with the city in confidential mediation discussions with a goal of resolving this complicated matter without the further uncertainty, expense and delay of ongoing litigation."We are pleased to have reached a settlement that opens the door for the city to redevelop the civic core of downtown San Diego.

The City Attorney's Office alleges that Hughes represented himself to be a"special volunteer for real estate services" who was negotiating the building deals on the city's behalf for free"out of a sense of civic duty.

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