Wednesday, June 18, 2008

Herding (Bernardo) Katz

From the Trib:
Pittsburgh Controller Michael Lamb on Monday said he will scrutinize loans the Urban Redevelopment Authority made to a would-be Beechview developer -- for years the bane of community activists.

Lamb said he will begin an investigation into nearly $700,000 in mortgages and loans the URA made to Bernardo Katz to redevelop four city-owned properties along Broadway Avenue in Beechview.

Katz defaulted on those and other loans, and lawyers involved in his divorce proceedings say he returned to his native Brazil late last year.

Link: www.pittsburghlive.com/x/pittsburghtrib/news/cityregion/s_573085.html

For more on Katz and his Mt. Lebanon connections, see posts here and here.

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