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Thursday, April 23, 2009

Related Cos Must Pay!!!!!

Los Angeles Mayor Antonio Vee ,the City Counsel and the Los Angeles County Board of Supervisors are not being fair to the community they represent by allowing real estate developer Related Cos to escape late fines and penalties of $250,000 a day for not starting the Grand Ave project on time. Related Cos is supposed to pay $250,000 a day in fines for being late in starting the Grand Ave project. So far they have not a paid a penny. This is unfair to the community and undermines the credablity of the Los Angeles city government to enforce binding legal agreements.
Is Related Cos so big and influential that it doesent have to abide by legal contracts it made with the city? Its no secreat that Mayor Antonio Vee is the property of the big real estate developers. However his refusal to enforce binding legal contracts just because it might hurt one of his financial backers is ridiculious in light of the cities fiancial problems.
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