CCDC Chairman Fred Maas wants to conduct an investigation into the business connections of former CCDC president Nancy Graham (left), who resigned on July 24, 2008.ROB DAVIS of Voice of San Diego wrote on July 25, 2008:
"Fred Maas, the chairman of the Centre City Development Corp.'s board of directors, said today he will seek a "fact-finding mission" to examine the circumstances surrounding former CCDC President Nancy Graham's involvement in the development project at 7th Avenue and Market Street downtown...
"Graham, who resigned Thursday, had previously been a business partner with a sister company of the 7th and Market developer, Related of California. The company, along with CityLink Investment Corp., is leading efforts to build the 41-story, $409-million downtown skyscraper. Under the current terms of the deal, which has not been finalized, the city of San Diego via CCDC will give the developers an $8.7 million subsidy to construct affordable housing in the building...
"Graham's resignation comes eight months after signing a three-year contract with CCDC. She does not get a severance and walks away from more than $496,000 in salary, as the contract set her annual pay at $248,000."
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