u/TradingGuy77

Do I understand SB79 correctly? No one can deny the land value just went through the roof…

I’m just now starting to comprehend what I think this means.

1. Effective July 1, essentially the entire gay bar district on Santa Monica Blvd can theoretically be converted to 6-9 story apartment buildings with NO parking requirements?

2. Won’t many of the landlords take the developer money and sell off their properties? Tear down the 1-2 story older current buildings?

3. Can you imagine the impact and disruption on Santa Monica Boulevard’s gay bars with construction from just one 6-9 story building being built on Santa Monica Boulevard? Not to mention multiple?

Does anyone know how many of the roughly 1,000 eliminated jobs at Snapchat were at the Santa Monica headquarters?