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City of Portsmouth Reaches Settlement Agreement with Deer Street Associates

October 19, 2022

The City of Portsmouth and Deer Street Associates (DSA), also known as G.L. Rogers, Inc., Foundry Place LLC and Foundry Place Hotel Owner, LLC, have arrived at an agreement to settle a breach of contract lawsuit initiated by DSA in March 2021. On October 17, 2022, the City Council voted to authorize the City Manager to execute the settlement agreement and a limited release of liability on behalf of the City.