During the past several months, Ellman, head of the EllmanCompanies, a privately held firm, has turned over reams ofdocuments to the city, but he has repeatedly refused to submit themost sensitive financial data.
The city wants to know just how much it can hope to recoup fromits investment of $100 million of public funds into thedevelopment. The city also wants a list of investors in theproject.
On Wednesday, the city manager contacted Ellman again demandingthe information. If the city and Ellman can't overcome thisimpasse, city officials could refuse to negotiate a bindingfinancial plan for the massive complex or could allow a specialtaxing district to expire. This would eliminate Ellman's access to$100 million in public money for the redevelopment.
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