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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 4 sources · 11 days · First seen · Last updated
Menlo Park skyscraper development dispute
Overview
Residents of Menlo Park, California, initially sought federal sanctions against developer Vitaly Yusufov to prevent the construction of a 39-story skyscraper at 80 Willow Road. Opponents cited concerns over traffic, shadows, and views, while noting that Yusufov is the son of Igor Yusufov, a former Russian energy minister already sanctioned in Ukraine and Canada.
Following the city council’s rejection of the mixed-use complex, the developer, N17, filed a lawsuit against Menlo Park. N17 founder Oisín Heneghan accused the city of being “one of the most hostile in the nation toward building new and affordable housing” and alleged that officials broke state housing laws to stall the project. This legal action follows warnings from California Attorney General Rob Bonta that the city was violating state laws by delaying the development.
Entities
Menlo Park · Igor Yusufov · Vitaly Yusufov · Office of Foreign Assets Control · Committee on Foreign Investment in the United States
Timeline
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[BUSINESS] 2 sourcesMenlo Park sued by developer over rejected skyscraper project
Developer N17 is suing Menlo Park, California, after the city rejected a controversial skyscraper project owned by Vitaly Yusufov, son of former Russian Energy Minister Igor Yusufov.
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[POLITICS] 4 sourcesMenlo Park residents seek US sanctions to block Russian developer's skyscraper
Menlo Park residents are urging US authorities to sanction Russian developer Vitaly Yusufov to block a massive 39-story skyscraper project in California.
Sources
internewscast.com · nypost.com · offthepress.com · pulptastic.com