Despite the center's parking situation, plan on watching as the Newport Beach company and its Santa Ana-based managers work to make Triangle Square a revitalized hub for shoppers and, possibly, residents.
Greenlaw Partners representatives have remained tight-lipped, but Triangle Square's newest tenants, Keith Scheinberg and Daniel Biello, owners of Chronic Cantina, have said they see good things happening.
DRAMA ON KOCE
For a while, the average spectator could be forgiven for losing track of the ongoing court battle over KOCE-TV. In 2004, the Coast Community College District rejected a cash offer from the Daystar Television Network and sold the public channel to its fundraising foundation, which had bid mostly in credit. Daystar sued, and over the next two years, the rulings, appeals, petitions and more appeals kept piling up.
In May, however, the case finally appeared closed, as an appellate court ruled that the sale of KOCE to the foundation was invalid. The state Supreme Court refused to hear the district's and foundation's appeals in August. Now, as the turmoil enters its third year, attorneys for the district, the foundation and Daystar are busy trying to work out a settlement.
"It's a tough deal, with three parties like this," said Milford Dahl, an attorney for the college district. "I've had each party accuse me of being on the side of the others."
When the district sold KOCE to the foundation, it spent most of the foundation's $8-million down payment — and now, Dahl said, the district would have to dig into its own pockets to pay it back. Meanwhile, Daystar has demanded immediate ownership of KOCE, although the court only ordered the district to take the station back and did not mandate selling it again.
