Lawyers representing Related of California, the developer of a project formerly proposed downtown at 7th Avenue and Market Street, last month withdrew their lawsuit against the Centre City Development Corp.
The attorneys reserved the right to re-file the suit. Today, they did just that, sending notice of their claim to the city.
The company argues that CCDC had no basis for killing the $409 million hotel and condo project that it proposed. CCDC’s board voted to halt the project last September, after a CCDC investigation found that its former president, Nancy Graham, had a conflict of interest that would have prohibited her from participating in the negotiations that ultimately led to CCDC picking Related as the project’s preferred developer.
Testifying under oath in 2007, Graham admitted receiving income that year from a business deal with an affiliated company of Related based in Florida. She received the money while working at CCDC but did not subsequently disclose it.
The suit seeks $2 million in damages.