The Mission City Council on Monday terminated its redevelopment agreement with Mission Gateway, yanking away millions of dollars in tax incentives the developer argued were necessary to get the project done after nearly two decades of broken promises. A likely death knell for the stalled project, the council voted unanimously to toss out the deal — its fifth iteration for the long-plagued development — because the property owners failed to pay nearly $450,000 in taxes due in May. The city sent a default notice on May 15, giving the property owners, Aryeh Realty, 60 days to pay up. That deadline expired over the weekend.
Source: Joco 913 News
