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Currently, Wells Fargo is planning to sell four of its downtown office buildings, including a key property located at 801 Walnut. This particular building is integral to the development deal initially formed with the city.
According to reports, these buildings are under contract with a single buyer who has stipulated that the city needs to terminate its existing agreement with Wells Fargo for the purchase to proceed. This requirement has prompted the urgent vote by the City Council.
What to Expect from Tonight's Meeting
The City Council meeting began earlier this evening at 5 PM, and the vote on the termination of the agreement with Wells Fargo is anticipated to be a focal point of discussion.