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Article: Officials: El Monte transit project in spotlight, but still viable
- Article from:
- Pasadena Star-News
- Article date:
- June 28, 2009
- Author:
CopyrightCopyright 2009 Pasadena Star-News. Provided by ProQuest LLC. (Hide copyright information)
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EL MONTE - State and local elected leaders have for years
championed a $1.2 billion Titan Group development that would bring
homes and retail shops around the city's bus terminal.
And many of them also have received money from the developer's
CEO John Leung, who has since resigned his post. The resignation
came after El Monte police announced one week ago that Leung and
business partner Jean Lang were under investigation in a fraud and
embezzlement case.
Since it was proposed in 2003, state and local officials have
lobbied hard to make the project happen.
In 2005 and 2006, then-Assemblywoman Judy Chu proposed two bills
that would have allowed El Monte to take out loans on its Transit ...