Rebuilding the Pacific Palisades
Billionaire developer Rick Caruso is forming a non-profit organization to rebuild the Pacific Palisades without affordable housing and density requirements. He aims to maintain the area's residential zoning and improve fire safety. Caruso may clash with another developer, Steve Soboroff, who is open to including affordable housing in the rebuilding efforts.
Key Points
- Rick Caruso forming a non-profit to speed up rebuilding
- Desire to maintain current residential zoning and limit affordable housing to avoid increased density
- Steve Soboroff open to including affordable housing in the area
- State law mandates cities to build more affordable housing
Pros
- Efforts to rebuild the Pacific Palisades after a fire
- Focus on maintaining current residential zoning and improving fire safety
Cons
- Potential clash between developers regarding affordable housing inclusion