Derek Ray 6:56 a.m., July 30
Controversial Bridgepoint, Sunroad End Lease
Two of San Diego's most controversial entities, for-profit college Bridgepoint Education and office operator Sunroad Centrum ended a lease agreement, according to a Sunroad filing with the Securities and Exchange Commission on Friday (Feb. 17).
Bridgepoint, whose staggering dropout rate is often cited in Senate committee hearings and elsewhere, had a deal to occupy 193,000 square feet in a new eight-story Sunroad building near Montgomery Field.
It would be next to a Sunroad building in which Bridgepoint already occupies 274,000 square feet under a separate lease. But Sunroad never built the building -- hence, the termination.
Five years ago, a flap developed over a building that Sunroad Enterprises, parent of the Sunroad Centrum entities, constructed. It was 20 feet higher than Federal Aviation Administration rules would permit, but the company plunged ahead.
The company's chief executive was a friend of and donor to Mayor Jerry Sanders, who tried to get the company off the hook. Finally, though, the federal government prevailed. A study commissioned by the mayor concluded that there was no corruption involved -- just multiple errors. Knowledgeable people howled in laughter at the whitewash.
Sunroad building in Kearny Mesa
More like this:
- “Free” city land just got pricey — Aug. 22, 2014
- Sunroad slurry to ooze through court — May 13, 2014
- Walmart's All-Out War Against San Diego City Hall; Bridgepoint Leases New Space — Dec. 8, 2010
- Bersin's Building Almost Kisses Sunroad's — Oct. 18, 2007
- Sees No Evil — Aug. 2, 2007