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SunCal Chief Financial Officer Resigns

SunCal’s Chief Financial Officer (CFO) has resigned, The Bakersfield Californian has reported. SunCal is the master developer for Alameda Point.

The Bakersfield Californian reports that SunCal currently has 20 California projects in bankruptcy. Ed Nolan, SunCal’s CFO, announced last Thursday that he is resigning to “pursue other interests.” SunCal has made repeated assurances that the bankruptcies won’t affect their plans for Alameda Point, but they made the same sort of assurances to City of Oakland officials just weeks before halting work at the Oak Knoll project, and then subsequently filing for bankruptcy on that project as well.

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