FRIDAY, NOVEMBER 7, 2003
Volume 2, Issue 304
FR
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Santa Monica Daily Press A newspaper with issues
DAILY DERBY
Towers owner demands Kates buck up on rent
1st Place: 1, Gold Rush 2nd Place: 10, Solid Gold 3rd Place: 7, Eureka
Real estate magnate is accused of skirting rent-control abuse law
L O T T O
Midnight finally strikes
FANTASY 5 22, 9, 21, 14, 37 DAILY 3 Afternoon picks: 3, 5, 5 Evening picks: 6, 6, 7
Race Time: 1:49.85
BY JOHN WOOD Daily Press Staff Writer
NEWS OF THE WEIRD by Chuck Shepard
QUOTE OF THE DAY
âLiberals feel unworthy of their possessions. Conservatives feel they deserve everything they have stolen.â â Mort Sahl
INDEX Horoscopes Call it a night, Gemini . . . . . . . . . . .2
Local Follow the money trail . . . . . . . . . . .3
Opinion In Pope we trust . . . . . . . . . . . . . . . .4
Entertainment Ferrellâs tall tale a classic . . . . . . . . .8
State âFlatlandersâ learn hard lesson . . .12
National Dean sorry for flag flap . . . . . . . . .14
People in the News Gibson makes his pitch . . . . . . . .20
John Wood/Daily Press
John Conroy, of West L.A., purchases the first book at the newly reopened Midnight Special Bookstore on Thursday. Conroy picked up a copy of Mike Davisâ âDead Citiesâ shortly after the storeâs doors opened at 5 p.m. at the new 1450 Second St. location. The popular, independent bookstore was forced to relocate from the Third Street Promenade in February due to rising rents. âThis isnât a big deal,â said owner Margie Ghiz of the reopening. âThe big deal is going to be the ongoingness of it.â
Mini-hotels: Filling niche or hoarding the housing? City Hall puts a lid on short-term luxury rentals BY JOHN WOOD
âItâs a ridiculous thing.â â DAVID WEISS
Daily Press Staff Writer
Local merchant
Jeremy Smith, a television commercial producer in his mid-thirties, is living in an oceanfront one-bedroom apartment in downtown Santa Monica for $2,500 a month while heâs on location here. However, if some city officials have their way, people like Smith wonât be staying downtown much longer. At issue is a three-year-old debate over what opponents call âmini-hotels,â luxury units ranging from $2,000 to $6,000 a month that offer hotel-like amenities to short-term renters. Utilized primarily by entertainmentindustry executives, consultants and other freelance workers, many of the short-term properties have on-site gyms, office
âŚ
See RENT, page 6
A busted economy may lead to record borrowing by state
space, valet parking and maid service. The apartments are fully furnished and also typically have small kitchens. Officials said the operations are a nuisance to their residential neighbors, and are instead pushing for more affordable housing and fewer short-time tenants. They also think renters should be required to pay the 12 percent bed tax regular downtown hotels do. Meanwhile, tenants and landlords donât know what all the fuss is about, questioning why City Hall wants to
SACRAMENTO â To solve the stateâs budget problem and help pay for new school construction, California voters may face a March ballot featuring more than $30 billion in proposed bonds â by far the largest amount ever put forward on any statewide ballot in the United States. The record borrowing proposals already include Proposition 55, a $12.3 billion bond issue for building schools that has qualified to go before voters. The ballot may include a deficit-financing bond that Gov.-elect
See HOTELS, page 7
See VOTERS, page 10
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The Oklahoma treasurer released a list of unclaimed property that included the refundable $100 utilities deposit paid by accused terrorist conspirator Zacarias Moussaoui when he lived in the state to attend flight school. And a delay on a London underground train was caused when an apprentice driver fainted while listening to his instructor describe vasectomy surgery that had developed complications. And Family Christian Stores, the largest Christian retail goods chain in the U.S., announced it would begin opening on Sundays.
Real estate magnate Lawrence Kates may soon be asked to dish out nearly $10,000 extra each month to keep his five rent-controlled apartments at the Shores towers, which he once owned. Thatâs because landlord Douglas Emmett & Co. wants to increase Katesâ below-market rates under a new law designed to protect landlords against rent-control abuses. According to the law, only full-time residents are entitled to rent-control prices. Kates, who officials said actually lives on two sideby-side properties in Newport Beach, pays between $738 and $1,087 each month for the one- and two-bedroom apartments on Santa Monica Beach south of Ocean Park Boulevard. Similar units at the Shores command as much as $3,000 on the open market, said Mike Boge, a Douglas Emmett official who is handling the petitions against Kates. Douglas Emmett bought the Shores from Kates in 1999 for a reported $93 million. Neither Kates nor his Corona Del Mar-based attorney returned calls seeking comment. Santa Monica Rent Control Board officials dismissed Douglas Emmettâs petitions against Kates in August, saying the landlord didnât establish enough evidence to prove that Kates isnât living in the apartments. The matter was dropped before it ever went before a hearing offi-
BY TOM CHORNEAU Associated Press Writer
BACK OR UNFILED TAXES? ALL FORMS ⢠ALL TYPES ⢠ALL STATES SAMUEL B. MOSES, CPA
(310) 395-9922 429 Santa Monica Blvd. Ste. 710 Santa Monica 90401