The city of Corpus Christi will pay $450,000 to settle a lawsuit filed by hotel developer Ajit David.David sued the city of Corpus Christi in September 2024, seeking to invalidate an economic development agreement that awarded $ 2 million in Type B sales tax funds to Elevate QOF for the construction of the Homewood Suites in downtown Corpus Christi.According to City Manager Peter Zanoni, the city agreed to the $450,000 settlement.This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.For the latest local news updates, click here, or download the KRIS 6 News App. Catch all the KRIS 6 News stories and more on our YouTube page. Subscribe today! ...read more read less