By Marc L. Verville

Despite anecdotal Council acknowledgement of the general scale of potential development and insufficient State subsidies, there was neither a staff analysis of these issues nor was there any direction to staff to produce such analyses.

Consequently, the city acquiesced to the state’s RHNA allocation without an understanding of the unprecedented demands on City financial and natural resources a 63% increase in residential units would create. In addition, there was no City analysis on the impacts of awholesale policy to dispose of public land that is dedicated to city-revenue generating commercial infrastructure. In 2019, business-related commerce supported 54% of the General Fund’s revenues.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/letters/Letters-2024/09-30-2024_OPINION_What_is_Santa_Monica-Mandated_Housing_Unit_Requirement.html