A new twist to the ongoing saga of the City of Industry re-acquisition of Tres Hermanos Ranch, as the cities of Chino Hills and Diamond Bar are petitioning the State of California to reject the sale or undertake a review to determine if the purchase meets legal criteria. The stated harm to the cities involves the loss of tax revenue from the lower price ($41.5 million rather than in excess of $100 million) paid by the terms of the 24 August sale.
Read more in this San Gabriel Valley Tribune article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment