Tuesday, June 17, 2008

Las Lomas Developer To Sue LA City For $100 Million For Pulling The Plug

LAS LOMAS LAWSUIT: The developers at Las Lomas are going to sue the City of Los Angeles for $100 million because after 20 years of moving ahead with the plans, the City Council (led by CM Greig Smith) pulled the plug on plans move ahead with the process.

Even though the project has been in the planning stages for 20 years (according to CM Richard Alarcon), the project was still only in the process stages (filing the paperwork and whatnot) and it has not even reached the point of approving the project.

CM Alarcon tells Zuma Times that the project would never get approva, as is, anyway. And he tells me that he would not vote for the project's approval as it is currently being proposed.

Here's the problem: Some councilmembers will probably want to fight the lawsuit; and will want to hire outside attorney's like Tennie Pierce. Las Lomas attorneys will say that the City has been moving forward with the process for twenty years, so why was the plug pulled all of the sudden?

Alarcon feels that the Las Lomas developers have a good chance of prevailing in the lawsuit, which would only allow the application and EIR processes to continue. Alarcon thinks it would be a good idea to charge for the application process.

If you are a risk taker, you could let the project carry on (to avoid a lawsuit) up until time for approval -- where it will be shut down then. Only problem, if you let it continue, they always seem to find a way to circumvent some process and the thing could end up getting approved.

SO GET READY FOR ANOTHER TENNIE PEIRCE/OUTSIDE COUNCIL SITUATION OVER LAS LOMAS.