Controversial profiteer in runaway film production Hal Katersky appealed to the Community Redevelopment Agency Board on Thursday to live up to the terms of its deal to give him a $4 million gift (plus the $4 million more it has invested) and go forward with building an office building at 1601 N. Vine. St.
Katersky and lawyer-lobbyist Bill Delvac made their case before the before the board after CRA staff presented their case in support of the project even as they admitted critical documents were missing and that they agreed to the $4 million subsidy based on the developer’s property appraisals which at the time — and now — were nearly 40 percent higher than their own.
CRA Commissioner Madeleine Janis acknowledged that the project is the poster child for abolishing the CRA as Gov. Jerry Brown has proposed and urged the board to pull the development agreement back from the City Council for further review and possible negotiations. The Council has put the issue on its agenda 12 times in the last eight months and had to pull it back because of damaging disclosures about how the deal was done.