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MONDAY, JULY 7, 2014
Volume 13 Issue 198
Santa Monica Daily Press
MONEY MAKER SEE PAGE 3
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THE LONG WEEKEND COMES TO AN END ISSUE
PATRIOTS ON PARADE
Photos by Matthew Hall matt@smdp.com Thousands of Santa Monicans ignored, or at least tolerated, the July heat to attend the annual Independence Day Parade on Main Street. The event is organized by the Ocean Park Association but was enjoyed by residents from all over the city. The theme of ‘May the 4th Be With You’ added a sci-fi element to some floats while others stuck with traditional patriotic motifs.
Suicidal threats SM City Council to consider affordable housing ballot measure shut down PCH BY MATTHEW HALL Editor-in-Chief
BY DAVID MARK SIMPSON Daily Press Staff Writer
CITY HALL It’s ballot measure madness! Council will review a trifecta of ballot measures on Tuesday. One, written about previously in the Daily Press, is designed to compete with an aviation community-backed measure and protect council’s control over the Santa Monica Airport. Another would raise the fees paid to the Rent Control Board. And
then there’s the measure designed to fund affordable housing for years to come. Voters may get a chance to triple City Hall’s take on properties sold for $1 million or more. Currently, City Hall makes $3 for every $1,000 worth of property sold. Council will consider a ballot measure that would increase that revenue to $9 for every $1,000 on million dollar properties. The revenues, if agreed upon by the voters, could be set aside to fund affordable housing projects. With the dissolution of
Gary Limjap (310) 586-0339 In today’s real estate climate ...
Experience counts! garylimjap@gmail.com www.garylimjap.com
the redevelopment agency in 2012 - a move meant to plug a state budget gap -affordable housing took a big hit. The real estate transfer tax could generate between $4 million and $10.2 million each year (the wide range in the estimate is due to the volatility of the real estate market). City Hall commissioned a poll of residents and found that a simple majority would support a real estate transfer SEE MEASURE PAGE 8
PCH The Pacific Coast Highway was closed for several hours on Sunday, July 6 due to a suicidal man on the Santa Monica Bluffs. The Santa Monica Police Department issued an alert to residents at about 2 p.m. stating that the northbound and southbound lands of the PCH were shut due to police activity. Witnesses quickly began posting to social media sites reporting a man on the bluffs was threatening to SEE PCH PAGE 9
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