Promote La Jolla board contemplating future
But they’re doing it out of the public eye, said President Rick Wildman, explaining that they are discussing “what we might do as far as disbanding. …We are no longer considering bankruptcy.”
Last week, Wildman, Deborah Marengo and Jennifer Clark, via phone, met, he said. The other remaining board member, Glen Rasmussen, had other obligations and did not participate.
The nonprofit, which previously held public meetings, continues to operate, even though it no longer has a contract with the city to manage the Village business improvement district. That contract was not renewed after the city auditor found irregularities in its financial procedures. Since then, PLJ, through its insurance company has settled with the city.
“We are waiting for the new BID to take over,” Wildman said Friday. “PLJ is upside down but will continue to meet and see what happens.”
— Kathy Day
- Promote La Jolla settlement signed, tensions remain
- As Promote La Jolla settlement nears, new group taking shape
- Merchants back new business group idea
- OPINION: Look forward to a new La Jolla BID
- Promote La Jolla dealing with the details
Short URL: http://www.lajollalight.com/?p=33160