Clark Atkinson claims CEO David Zucker and others have stolen $3.7 million.
Clark Atkinson claims CEO David Zucker and others have stolen $3.7 million.
“The suit is without merit and we’re only now reviewing it,” the developer responded.
The developer said the bank is acting “predatory.” Wells Fargo says Zeppelin should watch its language.
Five years after the site was rezoned, Zocalo is eyeing a June groundbreaking — if city leaders approve a DURA-created urban redevelopment plan.
The BID, which is funded by property taxes, was established in June 2015 with a 10-year term.
The lawsuit revolves around the former First Avenue Hotel, which is being developed into new residences after it sold at a bankruptcy auction for $6.6 million. Defendant David Zucker, CEO of Zocalo Community Development: ‘This is an entirely frivolous lawsuit.’
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