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HCAC |
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But local developer Gerald Schneiderman, a member of the Hollywood Community Advisory Council appointed by former City Councilman Mike Woo, said he plans to introduce a motion at the next HCAC meeting recommending that the CRA foreclose on the Hollywest site, and presumably pursue the MTA lease. In November 1996, the parties signed a definitive Merger Agreement whereby Encore and a subsidiary of HCAC will merge and HCAC will become Encore Medical Corporation. Smedra has not made any payments on his CRA loans, and developer Gerald Schneiderman (also an HCAC member) claims that Smedra is in default and that his property should be foreclosed upon. |
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