Alleged corruption from Mayor ToddGloria over 101 Ash Street building. Former City Attorney Mike Aguirre says the people who got $91 million cash for the building from Gloria, are big supporters of his, meaning Gloria 'is basically paying him off.'
SAN DIEGO – Former San Diego City Attorney Mike Aguirre says a bad deal for taxpayers may get even worse.
The settlement transferred ownership of the properties to the City of San Diego for around $132 million — $86 million for 101 Ash and $46 million for CCP — and refunds the city $7.5 million in profits Cisterra made in its lease-to-own deal with the city on the 101 Ash property. The deal allows Cisterra to keep its $6.2 million in profits from a similar deal with Civic Center Plaza. That refund will come in two payments this fiscal year.
“This is not a settlement, this is a capitulation — an admission of defeat,” Moreno said. “Long after this council and mayor are gone, San Diego taxpayers will be paying for this decision.” San Diego City Attorney Mara Elliott also urged city council to reject the settlement, warning that it presented several disadvantage to the city’s legal and financial interests.Former City Attorney Mike Aguirre has been against the settlement since it was first proposed, and is now warning his fears are becoming true.
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