The Centre City Development Corp.’s board is holding a special meeting at 8 a.m. Wednesday to decide the future of the proposed 41-story, $409-million skyscraper proposed at 7th Avenue and Market Street downtown.

An outside attorney hired by the nonprofit redevelopment agency has recommended scuttling the project because of the involvement of former CCDC President Nancy Graham.

Graham had a business deal with an affiliate of the project’s developer that paid her while she was at CCDC. Court records show that she received money from the affiliate at the same time she participated in negotiations about the skyscraper. She did not disclose the income in annual conflict-of-interest reports filed with the city. But when she testified under oath last summer in Florida, she admitted receiving $125,000 in mid-2007 from the affiliate.

CCDC Chairman Fred Maas has questioned whether the project should continue; the outside attorney, James Lough, has said Graham’s involvement in the developer-selection process justifies throwing out the project.

CCDC’s board meets at 401 B Street, Suite 400.

ROB DAVIS

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