IE Business Daily Business news for the Inland Empire.
The developer hired and dismissed by San Bernardino to redevelop the Carousel Mall property is suing the city for violating its contract.
The city terminated its agreement with San Bernardino Development Co. “unilaterally” and with no warning nearly one year ago, according to a lawsuit filed March 28 in San Bernardino County Superior Court.
San Bernardino Development Co. – a partnership of Renaissance Downtowns USA and ICO Real Estate Group – claims it has lost millions of dollars because of that decision.
City officials acted in bad faith in its dealings with the development team, resulting in a series of legal issues with the state, according to the lawsuit.
Carousel Mall opened as Central City Mall in 1972. It closed for good in 2017 following years of losing tenants, including all of its anchor tenants, and diminished attendance.
San Bernardino officials could not be reached for comment.
