AURORA, Colo. — The city of Aurora has agreed to settle a lawsuit it brought against CBZ Management, related to closing the Edge at Lowry apartments at 12th Avenue and Dallas Street last year.
Aurora was seeking about $1 million in damages related to closing the apartments. The owners agreed to pay $300,000 to settle the lawsuit. The agreement states the dollar amount is not a penalty, but rather “Is considered a reimbursement to the Plaintiff for its costs in maintaining and closure of the Dallas Street Properties.”
An Aurora spokesperson said it was a good deal that avoided the costs and risks of a trial…