New Fazio course at Pebble Beach - Dead

[Joel_Stewart]

or at least delayed for a long period of time.

The California Coastal Commission pretty much killed the new course and the other proposed changes last week at their meeting. The vote was 8-4 against the rezoning.

http://www.kron4.com/Global/story.asp?S=6656261

I'm sure the partners are in crisis mode now.  It appears nobody knows how to proceed next.

[David Stamm]

I'm sure the partners are in crisis mode now.  It appears nobody knows how to proceed next.

I really can't feel too sorry for them considering how much they charge for everything on the existing properties.

[Mike Benham]

I'm sure the partners are in crisis mode now.  It appears nobody knows how to proceed next.

I really can't feel too sorry for them considering how much they charge for everything on the existing properties.

Come on David, they charge what the market will bear, it really is simple economics.  

From what I have heard, they aren't having a hard time filling the rooms or the tee sheets.

Whether or not they are making a return on their investment is another story ...

[David Stamm]

I'm sure the partners are in crisis mode now.  It appears nobody knows how to proceed next.

I really can't feel too sorry for them considering how much they charge for everything on the existing properties.

Come on David, they charge what the market will bear, it really is simple economics.  

From what I have heard, they aren't having a hard time filling the rooms or the tee sheets.

Whether or not they are making a return on their investment is another story ...

Mike, I'm all for capitalism. I'm just saying I don't feel sorry for them that they couldn't get ANOTHER course built there in the Del Monte Forest. There are bigger tragedies in the world than whether a ultra rich consortium gets another super-property pushed through. But, if they can, than more power to them. They obviously know more than I on how to make a buck or two.

[Adam Clayman]

I know for sure this would have been a walking only course.

What's smells rotten is that constraints were placed on the comapany by the CCC.and Mr. Fazio had to forego the cart paths inorder to fit into those contrainsts.

That means that the CCC gave them a set of constraints, they followed them and still didn't get the project in the long run.

It rieks of aspects that are not American capatalisim and more like polit bureau.

dasvedania (sp?)

[Bill_McBride]

Adam, this is true of government at all levels these days.  Taking of the property owner's money and property itself is par for the course.  Here's an example from my construction business:  I bought the abandoned eyesore of a business next door to one of my buildings so I can build a parking lot and eventually a new office building.  I went through the mandatory asbestos testing before we started demolition. No asbestos found.  They are still making us demolish the building as if there were asbestos - a certified inspector on site all during demolition at $85 an hour.  "Wet demolition" with water sprayed on the area being demolished all the time.  This will cost me several extra thousand dollars - when the tests revealed no asbestos at all!

[David Stamm]

Adam, I didn't know that the details that you described. If this is the case, than that is BS. But, as Bill said, this is pretty typical stuff these days.

[redanman]

Aw shucks.

[paul cowley]

Adam and Bill....so true, so true....I would add more but don't want to get started....it is Fathers Day and I don't want to rant all day to my kids about dumb bureaucracy etc.

I'll just give it a rest until tommorrow.

[Joel_Stewart]

Looks like their was a fairly well organized group against the project and they prevailed.   Also, the CCC toured the facility and voted based on the tour.  I don't think the Pebble Beach Corp. made a very good argument that changing the zoning for 100 acres to save 1000 acres really flew?

[Rob_Waldron]

Joel

Does this mean the land must remain undeveloped? If nothing else I guess they will get a tax break.

[SB]

If I understand correctly, this was an application to CHANGE the zoning, not build what was already zoned, which was in place when the land was bought.  These guys understood the rules and attempted to change them.  It's not heavy handed government to turn down a change in plan.  I'd like to get Bob Huntley's take on this to find out what the existing residents think and what the land CAN be used for.

[Adam Clayman]

I'm sure Uncle Bob has very deep feelings for the CCC.

Growth for any company is vital. Having "groups" collectively attack a plan to grow the company on company land, by influencing the CCC on something as benign as a golf course (enviornmentally speaking) is fundamentally wrong and sad commentary on the "groups" priorities.