I had meant to write about this a while ago, but something always came up and managed to capture my attention before I could get around to it. A few weeks ago the City put out a press release which indicated that the federal judge in the SunCal suit had dismissed a portion of SunCal’s case where SunCal was seeking damages in the amount of $100 million.
United States District Court Judge Charles Breyer tossed that portion of the case because SunCal was seeking future profits and it was speculative that SunCal would have received those profits since the development plan had not been approved.
This, of course, is really good news for the City because now it only has to deal with the portion of the case that deals with the amount of money SunCal claims to have spent on pre-development costs and whether they are eligible for reimbursement based on how everything shook down in Alameda post Measure B’s demise.
But that’s not the juicy part of the hearing up to that particular ruling. Really long post ahead, you’ve been warned.