If the city sees a sudden population boom, as it last experienced in the 1940s, some estimates show up to 20,000 more housing units could be needed by 2040.
Despite recent price increases, fluctuations should remain within acceptable bounds, a report states, because there is still a balance between buyers and sellers.
While news of the cancelation might come as a shock to those familiar with the property and plans for the exclusive club, a statement released Friday alluded to difficulties.
Ground was broken on the project four-and-a-half years ago, but it didn’t really start to take shape until last year. That’s when it first caught the attention of locals as steel beams were lifted put into place.
In objecting to the designation, city staff claimed Villa Roma did not meet enough of the requirements and by granting it the city would be damaging the integrity of the historic preservation program.
Richard Weintraub was back in front of elected officials Thursday evening, seeking approval of five new amendments to an existing agreement. He left with a scolding.
The next hearing on the case is currently scheduled for March 2023. Unless that hearing is moved up, improvements to the land, including planting of more than 200 donated trees, appear to be on hold.
Conservationists and others with an eye on City Hall are keenly aware whenever the parcels are discussed. They fear the city will sell the land worth tens of millions of dollars without public input.
Residents frustrated with stalled or dead hotel projects in the city repeatedly voice concerns at City Hall, in the media, and in online public forums. To date, there has been little sign of visible progress.
Next up will be 19,257 square feet of medical office space that will expand upon the 21,000-square-foot former Riverside County health and social services building it currently occupies.
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