The Securities and Exchange Commission finds former Big Dig chief James Kerasiotes negligent, but that he did not intend to deceive bondholders.
"Kerasiotes, who ran the Central Artery/Ted Williams Tunnel project until he was fired in 2000, has agreed to sign the settlement with the agency to bring the matter to a close... The SEC probe began more than three years ago, after Kerasiotes acknowledged to state officials and the news media that the highway project's costs would exceed its budget of $10.8 billion. That revelation, in February 2000, shook state government, in part because of Kerasiotes's longheld, emphatic insistence that he could complete the project for that amount."
Thanks to Chris Steins
FULL STORY: SEC finds ex-Big Dig chief negligent, not fraudulent
Pennsylvania Mall Conversion Bill Passes House
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World's Largest Wildlife Overpass In the Works in Los Angeles County
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Colorado Bans No-Fault Evictions
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Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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