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Cronavirus Crisis Fuels Development Debate

05/01/2020 1:37 PM | Margaret Fulton (Administrator)

The financial crisis triggered by the cornavirus shutdown is reigniting a longstanding debate between pro-development and slow-growth forces in Santa Monica.

Developers and their allies argue that planning and zoing impediments must to be immediately lifted for the city to recover from a financial blow that, according to City officials, has resulted in the loss of $72 million in revenues over the past six weeks.

Critics question the revenue bounty promised by new projects and counter that developers are exploitng the crisis "to accomplish long sought but unpopular goals."

Read More: http://surfsantamonica.com/ssm_site/the_lookout/news/News-2020/May-2020/05_01_2020_Cronavirus_Crisis_Fuels_Development_Debate.html

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