That $9M payoff to the owner of the Fun Factory became over $14M when it was financed. If you add in seven years of lost lease revenue, you are up to $17M-$19M. Just a few days later the same Council approved a lease commitment (called the ALPIF) with CenterCal despite the looming Measure C election results just 35 days away. Even the City Attorney warned the Council they did not need to approve the ALPIF that night. Now that has cost us $2M plus attorney fees to date. And we forfeited payback from CenterCal for the EIR that was voided by a judge.
In their blatant disregard for their constituents and their fiduciary responsibility to protect city revenues and finances, Emdee, Horvath, Barbee and Aspel cost us over $25M needlessly. We will be paying that bill for over a decade to come. The failed, illegal CenterCal mall-by-the-sea has got to be one of the most costly travesties in the history of Redondo Beach… what a great legacy for the that Council. This is why elections matter.
School shootings...RBUSD had better follow Torrance's lead ASAP to secure our front doors with at least buzzers and a default locked position, let alone steel gates. Every single school site is a too open door policy ready to be exploited for any reason, let alone an active shooter.
That $9M payoff to the owner of the Fun Factory became over $14M when it was financed. If you add in seven years of lost lease revenue, you are up to $17M-$19M. Just a few days later the same Council approved a lease commitment (called the ALPIF) with CenterCal despite the looming Measure C election results just 35 days away. Even the City Attorney warned the Council they did not need to approve the ALPIF that night. Now that has cost us $2M plus attorney fees to date. And we forfeited payback from CenterCal for the EIR that was voided by a judge.
In their blatant disregard for their constituents and their fiduciary responsibility to protect city revenues and finances, Emdee, Horvath, Barbee and Aspel cost us over $25M needlessly. We will be paying that bill for over a decade to come. The failed, illegal CenterCal mall-by-the-sea has got to be one of the most costly travesties in the history of Redondo Beach… what a great legacy for the that Council. This is why elections matter.
School shootings...RBUSD had better follow Torrance's lead ASAP to secure our front doors with at least buzzers and a default locked position, let alone steel gates. Every single school site is a too open door policy ready to be exploited for any reason, let alone an active shooter.
I love this newsletter -- thanks for writing it, David.