City Council's Latest Lawsuit Settlement: $92.7 Million
The City is:
1. Giving up the City's claim for $46 million in unpaid rent.
2. Giving up its stake in the operation, for which it paid $19 million.
3. Paying $27.7 million of your money to the plaintiff.
Total: $46 million + $19 million + $27.7 million = $92.7 million.
Can you say "signs of massive mismanagement?"
Maybe the Clowncil Diplomats should focus on avoiding fiascos like this instead of passing U.N. resolutions like the "Declaration of Los Angeles." Just a thought.
P.S. "The claims filed against the city alleged that [Councilwoman Janice] Hahn led efforts to close the terminal and block alternative proposals while receiving $8,000 in political contributions from executives and advisors of a firm that operated a competing terminal."
Declaration of L.A.: http://clkrep.lacity.org/councilfiles/06-0002-s82_reso.pdf