- Category: Local News
- Published: Friday, May 13 2011 10:05
- Written by Jim Brunson
MISSION — The Mission Economic Development Authority (MEDA) will not be able to deliver on the Mission City Council’s order to turn over all its assets to the city by May 15, according to former MEDA President/CEO Pat Townsend Jr.
MEDA’s inventory of assets, as of March 31, shows the corporation has net assets of $5,022,035, including $3,098,978 in cash and $1,870,531 in land consisting of lots in the organization’s industrial park.