Possible Settlement with City Center II Developer? // Eliot Singer

City Center II Rendering

From the latest ELi story on the Project Formerly Known As City Center II, it appears DRW, the big-league Chicago day-trader, is going to settle with the former developer, in order to put an end to litigation and get those $10 million legacy MBT credits and brownfield money.

The MBT credits and 2008 brownfield were assigned to the lender and there is no evidence they were ever returned to PDIG/CCTP in the Cuyahoga settlement. There is also no evidence the lender assigned the credits … Read more →

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