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Mayor: arbitration ruling may return Hotel Laguna properties to owner; city reviewing implications
Summary
Mayor Alex Renaghi said an arbitration opinion affecting property owner Mohanacker and the Hotel Laguna complex was issued this week; a receiver is in control of the properties and the city attorney's office is reviewing the opinion. Renaghi said the hope is to reopen the hotel and pursue an approved historic-restoration project that was appealed.
An arbitration opinion issued this week may return several properties, including Hotel Laguna, to owner Mohanacker, Mayor Alex Renaghi said in an interview with Tom Johnson. Renaghi said he has not fully digested the opinion and that the city attorney's office is reviewing it.
"I haven't had a chance to fully digest it," Renaghi said. "I…
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