The Morning Report
Subscribe now. Get smarter tomorrow.
The California Supreme Court today denied developer Roque de la Fuente’s appeal in a case against the city of San Diego that threatened to pound the cash-strapped city with a $150 million bill.
Last year, an appeals court threw out a $91.7 million verdict against the city and sent another $29.2 million verdict back to trial, marking a turning point in a case that some had thought would toss San Diego into bankruptcy. With interest, the city faced owing the developer $150 million on allegations that it purposefully drove down the value of the developer’s land near the border.
De la Fuente’s company, Border Business Park, appealed that verdict to the Supreme Court. A report issued on the court’s activity for today notes that the case was denied.
Check back with us for more and read this article for more background.