Boom for McMillin, Bust for City

Number 23535
Subject Developers
Source San Diego Union-Tribune
State CA
Year 2007
Publication Date 03/03/2007; 03/04/2007
Summary "A four-month investigation into the redevelopment of a 235-acre Navy boot camp in the heart of San Diego revealed a lopsided deal that put cash in the pockets of developer Corky McMillin Cos. executives and left taxpayers footing the bill. The City of San Diego probably won't see any money from a promised 50-50 profits split, the investigation showed."
Category Contest Entry
Pages 26
Keywords development; investments; land acquisitions; redevelopment; insider deal; contract; real estate; homeowners;
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