MALIBU, CA-In a city where “development” is a dirty word, a ballot measure initiated by the city council and heavily promoted by the Malibu Bay Company–the area’s biggest developer–won more votes than another growth-limiting measure initiated by a private citizen group.

Measure N, which will give voters a say in development agreements that involve 30 acres or more, got more votes than Measure P, which would have provided voters the right to vote on individual projects of 25,000 sf or more. Measure N received 3,055 votes for and 2,737 against; measure P garnered 2,962 votes for, while 2,973 were opposed. The measure with the most votes will become law.

According to Malibu mayor Tom Hasse, a vote for N gives voters the final say on a development agreement the city has already negotiated with MBC, which allows development of 29.7 of the 60 acres of commercially zoned property the company owns. The city’s agreement with MBC requires the firm to donate a considerable amount of land to the city for parks and community service facilities, as well as funding to build a proposed teen center and senior daycare.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.