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Cle Elum Ordered to Pay Ederra Developer $22 Million for Breaching Development Agreement

Nov 12, 2024•over 1 year ago

Contract Type

agreement

Washington

Description

The city of Cle Elum has been ordered to pay over $22.2 million to the developer of the 358-acre Ederra master-planned community for repeated breaches of a development agreement. The Ederra development, with a capacity for nearly 1,000 homes, is bringing significant changes to the town of Cle Elum with a population of 2,300 people.

Company Information

Company

Ederra

Location

Washington, United States

About

Ederra is a 358-acre master-planned community located in Cle Elum, Washington. It is developed by the Trailside Group, an investment management company based in Issaquah.

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Based on industry data
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.