Politics & Government
King Harbor Act, If Passed, Will Cost Redondo Beach Millions: Report
The ballot proposal backed by slow-growth proponents would cost the city $200 million according to a report released Tuesday.
REDONDO BEACH, CA -- The King Harbor Coastal Access, Revitalization and Enhancement Act, or CARE Act could cost Redondo Beach $200 million if passed, according to an analysis report commissioned by the city that was released Tuesday.
The ballot measure, backed by slow-growth proponents, would limit development in the harbor and pier area. If passed, chances of a private developer covering infrastructure upgrades for the waterfront are slim, leaving the city on the hook for $200 million, the Daily Breeze reported.
The analysis, which cost the city $30,000, was ordered last month and given to the City Council on Tuesday. The council didn't have a chance to read the report before voting to place the CARE Act on the ballot.
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The deadline to place the act on the ballot is Dec. 9 but the measure was bound for the March election one way or another, according to the Daily Breeze.
CenterCal Properties had proposed to redevelop the King Harbor area into a "harbor village," complete with a boutique hotel and movie theater. CenterCal had pledged to contribute $100 million for infrastructure upgrade, according to the Daily Breeze.
Find out what's happening in Redondo Beachfor free with the latest updates from Patch.
For more on this story, visit the Daily Breeze.
-- File photo
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