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Council authorizes transfer of Redwood Downtown project to Danco amid tsunami and subsidence concerns
Summary
The Crescent City Council approved assignment of PLHA/PIP documents that will transfer the downtown 36-unit project to a Danco partnership; public commenters raised repeated concerns about building in the inundation zone, subsidence and possible commissioner conflicts of interest.
On May 4 the Crescent City Council voted to authorize the city manager to sign assignment, assumption and novation agreements transferring PLHA/PIP loan documents for the Redwood Downtown project from Community System Solutions to Crescent City Third Street LP, a limited partnership affiliated with developer Danco.
City staff said the transfer is intended to keep the project on track to meet grant timelines and deliverables after earlier progress and planning work. "As we were working through the project... the best pathway forward on this project was for Danco to actually take the project where CSS…
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