The Morning Report
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The Centre City Development Corp. will spend as much as $50,000 on its internal investigation into the selection of Related of California as the preferred developer of a 41-story, $409-million skyscraper at 7th Avenue and Market Street downtown.
CCDC hired outside attorneys July 30 to investigate the timeline of events leading to the Related’s selection after former CCDC President Nancy Graham resigned amid questions about her relationship with the company’s Florida affiliate. The law firm’s contract and scope of work was finalized today.
The El Cajon firm of McDougal Love Eckis Smith Boehmer & Foley will review the project, which has been put on hold pending the investigation. Its development agreement was due for a CCDC board vote in July, though that has been delayed until at least September.
CCDC’s contract with the firm calls for the outside attorneys to interview Graham, Related officials and CCDC staff and ultimately produce a “detailed chronological assessment of the circumstances and details surrounding the developer selection process including, but not limited to, involvement or participation by … Nancy Graham, and any prior relationship between the developer and Ms. Graham.”