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CCDC News: Statement from CCDC Chairman Fred Maas - Hines

STATEMENT FROM CCDC CHAIRMAN FRED MAAS

SUBJECT:  Hines Withdrawal from Civic Center Complex Process

Today, CCDC has received a letter from Hines withdrawing from our competitive process to evaluate the financial implications and options for housing city workers and services downtown.  We extend our deepest appreciation to the Hines team for the significant effort and dollars spent throughout this process. Hines is a world-class developer who brought a special expertise and vision to this process and the City has benefitted by their participation.

However, the process will go on and we at CCDC are committed to completing an evaluation of short-and long-term options for the City as well as the proposal submitted by the Gerding Edlen team. Our public meetings and schedule will continue as published.

About Centre City Development Corporation (CCDC)
CCDC is the public, nonprofit corporation created by the City of San Diego in 1975 to staff, plan and implement downtown's redevelopment on behalf of the City's Redevelopment Agency. CCDC offices are located at Wells Fargo Plaza, 401 B Street, Suite 400, in downtown San Diego.

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