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FRIDAY, MAY 8, 2009
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Volume 8 Issue 158
Santa Monica Daily Press BB GUNS ARE NO JOKE SEE PAGE 3
We have you covered
THE THEY ARE THE CHAMPIONS ISSUE
Photo courtesy Peter Register
GOOD STUFF: Pacifica Christianâs Kevin Hammer pitches against Wildwood Thursday.
HIGH SCHOOL BASEBALL
Pacifica Christian locks up league title BY DANIEL ARCHULETA Managing Editor
VENICE They are young. They are undersized. They are in their first year ever playing baseball. They are Mulholland League champs. The Pacifica Christian Seawolves pulled off the improbable Thursday by defeating league rival Wildwood, 16-0, and clinching the schoolâs first league title in the process. âWow, it has been a lot of fun,â Assistant Coach David OâNeil said. âWe have a lot of great young men who are just really working hard and trying to put something together.â What ever they are doing was in full glory on Thursday. The game was highlighted by Keenan Pierandozzi-Howesâ grand slam in the first inningw. The freshman finished the game 2-for-3 with five RBIs. SEE SEAWOLVES PAGE 9
Brandon Wise brandonw@smdp.com
BUILDING UP: A crew from Frymar Construction works on a new low-income apartment building on Olympic Boulevard Thursday afternoon.
Development slowing down BY MELODY HANATANI Daily Press Staff Writer
DOWNTOWN The once pervasive sounds of drilling, sawing and hammering are quieting. In a city where residents frequently complain about the amount of construction activity and waged an unsuccesful campaign to restrict development, the recession is pulling the plug on many projects. The number of applications requesting new construction in Santa Monica has been on the decline as the economic downturn has been giving developers a hard time securing financing for projects, according to a recent memo by Eileen Fogarty, the director of planning and community development.
Gary Limjap
In the staff report to the City Council about existing citywide development, Fogarty said that there has been a 65 percent decline in such applications from calendar year 2007 to 2008, noting that smalland medium-sized condominium projects have basically stopped. The slowing of construction locally is reflective of a trend taking shape nationally where private-, state- and federally-funded projects have been falling through since last fall when several of the major financial institutions filed for bankruptcy. âBasically the municipal bond market shut down so private developers werenât able to get bank loans,â Ken Simonson, the chief economist for the Associated General Contractors of America, said. Simonson said the recession is hitting
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SEE CONSTRUCTION PAGE 8
BACK OR UNFILED
TAXES?
ALL FORMS ⢠ALL TYPES ⢠ALL STATES
In todayâs real estate climate ...
Experience counts!
some contractors harder than others, some of whom are still busy with projects that will keep them alive for the next few years, others scrambling to find work and even laying off employees. Mario Savvides, a local developer who owns several residential properties in the city, said that new construction in Santa Monica, and anywhere for that matter, is âdead.â âIt makes no financial sense for anyone to do anything,â he said. âBut even if someone wants to do something, there is no money they can borrow.â He notes that construction activity has slowed down for the past year to 15 months. Some of his more recent projects
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