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Controversy is roiling the waters of San Francisco's public harbor, as city officials move to impose new rules governing use of the prime boat slips fronting the Marina Green...
The business formula of the America’s Cup seems simple: If you race them, they will come.
But as city officials consider a...
Although the America’s Cup is one of the most globally recognized names in sport, it remains relatively unwatched in its namesake country. That’s likely to...
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The city of Alameda recently won another legal battle against SunCal. Judge Charles Breyer of the United States District Court dismissed the developer's $100 million lost profits claim against the city.
When the city and SunCal negotiated the terms of their joint development agreement, they stated that if the city breached the contract, SunCal would be entitled to $1 million in damages. When the city's relationship with...
Excerpt:
A federal judge has dismissed a claim for $100 million against the city of Alameda by SunCal Companies, the amount of potential profit the developer said it has lost since its bid to redevelop the former Alameda Naval Air Station fell through.
But U.S. District Court Judge Charles Breyer said he still would consider SunCal's claim that it spent $17 million on the project and so should be compensated by the city.
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Battle lines solidified Wednesday over the vast development deal between The City and event planners trying to bring the America’s Cup yacht race to San Francisco over the next two years....
Oracle Racing, Team USA for the 34th America’s Cup in 2013, returned to San Francisco Bay Tuesday, commencing the first of two training...
As some San Francisco officials push to change the contract overseeing the 2013 America’s Cup, race officials said they are...
Excerpt:
The developer that planned to build a 12,000-resident community at Alameda's former Naval Air Station has lost the biggest part of its breach-of-contract suit against the city: a claim for more than $100 million in lost profits.
Link to complete story: Alameda wins round in court against...Developer Suncal Loses $100M Claim Against Alameda
February 14, 2012
United States District Court Judge Charles Breyer dismissed Suncal's claim for $100M against the City of Alameda, which alleged lost profits from potential development at Alameda Point.
Judge Breyer ruled that future anticipated profits could not be recovered under California law because there had been no agreement or approval as to the development plan....
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