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Real Estate/Development

Jun. 12, 2012

Developers win verdict over deal with city

A group of developers scored a $6.1 million verdict after a jury found that San Jose flouted an agreement to fast-track their building applications if the companies footed the bill for their project's infrastructure improvements.


By Jason W. Armstrong


Daily Journal Staff Writer


A group of developers scored a $6.1 million verdict after a jury found that San Jose flouted an agreement to fast-track their building applications if the companies footed the bill for their project's infrastructure improvements.


Legal observers said the Santa Clara County verdict, while a victory for the developers, could make companies more cautious about entering public-private partnershi...

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