City Oks Development Deal

Summary


WEST COVINA -- After heated debate that went into the wee hours of Wednesday morning, a split West Covina City Council approved a multimillion-dollar deal with one of the city's most prominent developers.

The West Covina Community Development Commission comprised of members of the City Council voted 3-2 to enter into an agreement with developer Ziad Alhassen ...that will pay him $3.5 million over 15 years to assist him in rebuilding and improving three of his car dealerships.

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City Oks Development Deal

In return, the city is expected to receive nearly $29 million over the next 15 years in sales- tax revenue.

''This is not a loan,'' Cou...

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