Want the news summarized?
Subscribe to The Morning Report.

At an April board meeting, former Centre City Development Corp. President Nancy Graham addressed concerns about her potential conflict of interest with the affiliate of a business partner working to build a city-subsidized skyscraper downtown.

“I can guarantee you and I think you all know me well enough to know right now that there’s no truth to those allegations whatsoever,” she said. “… I did not negotiate this transaction.”

But as we’ve since documented, Graham was in fact involved in negotiations — at the same time she was receiving money from the developer’s affiliate.

James Lough, an outside attorney CCDC hired to investigate Graham’s involvement, drew the same conclusion. In a staff report for Wednesday’s CCDC meeting, Lough wrote: “Ms. Graham was involved in the negotiations of the potential [development and disposition agreement].”

Lough’s conclusion came after reviewing CCDC files and interviewing the agency’s staff. But the CCDC staff — many of whom also had been involved in the negotiations — did not publicly raise any concerns about the obvious discrepancies in Graham’s explanation.

I asked Fred Maas, the CCDC chairman, whether he was concerned by the lack of disclosure. He said:

Lots of mistakes and unfortunate circumstances happened during that period of time. In retrospect I think we all wish we had done things differently, but we didn’t. We recognize the omissions and errors and are doing our best to correct them.

ROB DAVIS

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.