July 5, 2022 Breaking News, Latest News, and Videos

Santa Monica Reaches Parking Standoff:

City officials, seeing an exasperated downtown parking crisis looming in the near future, are looking for as many parking spaces as they can find. One option in that effort is negotiating for the return of unused spaces leased by a private company. That company wants more of a special arrangement than City officials had in mind.

As it has been functioning, more than 155 monthly-parking spaces are left vacant at Parking Structure No. 2 located at 100 Wilshire Boulevard that could be used to wrangle some of the frustrated overflow of drivers downtown. This agreement would essentially pay Douglas Emmett 1998, LLC about $2,000 a year in order to relinquish the unused spaces that it leases.

Douglas Emmett does not want to hand over the unused parking spaces without partaking in the additional profits the City will make from leasing the spaces individually on a daily or monthly basis.

Council member Kevin McKeown urged City staff to renegotiate with the company, despite what was described by staff as a “resolute” position to receive $20 per spot, more than half of the profits the City stands to gain from individually leasing the spaces by month (the City estimated it would make only $38). If the City makes the spaces available to daily parkers, it stands to make $89 per spot and Douglas Emmett’s cut remains the same.

“Giving public money to private business is a very disturbing precedent,” McKeown said. Acknowledging obvious advantages to the City to obtain the spaces, including a possible $60,000 net profit with daily parking, he warned against the major compromise.

The current agreement with Douglas Emmett requires about $28,000 a year for the 155 spaces. The company countered the proposal from the City in January to break the lease for the spaces as well as demanding $24,000 a year from the City to instead use the spaces.

Staff explained even with the reversed payments the City will “end up ahead of the game” by still making anywhere between $20,000 and $60,000 in net profits.

Officials are scrambling to find additional parking before renovating Parking Structure 6 resulting in 681 fewer spots during construction. A proposed project still in separate negotiations for a new AMC theater downtown is expected to demolish Parking Structure 3, resulting in 324 lost parking spaces downtown, making alternative options necessary. City planners anticipate the likelihood of concurrent demolition of the structures.

This is the third agreement the City has entered since 1968 over the parking structure with private companies. Negotiated in 1998, the lease allowed the spaces to be reduced from 380 spaces to the current number on the top floor of the parking structure. The fourth amendment still up for negotiations will allow Douglas Emmett to only pay for the needed spaces up to 150 per month and park anywhere in the structure.

The proposed fourth amendment stemmed from the City-funded Walker Parking Study, which evaluated parking operations to find improve revenue sources and parking alternatives to alleviate crunches.

Council member Richard Bloom squashed any further public discussion for fear of allowing the City to “air our cards on the table.” The Council unanimously approved staff and City Manager Ron Gould to go back to the bargaining table and out of the public eye.

in News
Related Posts

Landscaping 50 Percent Complete for George Wolfberg Park at Potrero Canyon

July 3, 2022

July 3, 2022

Officials provide update for park under construction By Dolores Quintana A recent update from the City of Los Angeles’ Department...

John McEnroe and Patty Smyth Sell Malibu Home for $29 Million

July 2, 2022

July 2, 2022

Malibu Colony home sold to unknown buyer in private sale By Dolores Quintana John McEnroe, a retired former tennis star,...

SMa.r.t. Column: A Tale of Two Cities

July 2, 2022

July 2, 2022

The City of Santa Monica is surrounded on three sides by the City of Los Angeles. Therefore, while the jurisdictions...

Santa Monica City Council Approves Ballot Measure That Would Increase Hotel Bed Tax

July 1, 2022

July 1, 2022

Santa Monica’s bed tax has been raised since 2004 By Dolores Quintana In a vote on June 28, the Santa...

PETA Attempts to Stop the Beach Club From Holding Annual Fireworks Display

July 1, 2022

July 1, 2022

Parking lot where display is held is on City of LA land, not Santa Monica, allowing Club to obtain permit...

Santa Monica-Malibu Unified School District Prepares for SMASH/Muir Campus Mold Removal

June 30, 2022

June 30, 2022

Exact costs for repairs still unknown By Dolores Quintana and Sam Catanzaro  It is unknown exactly how much the total...

Watering Restrictions for Santa Monica Residents Take Effect Soon

June 30, 2022

June 30, 2022

New restrictions will go into effect on July 5, limiting watering to twice a week By Sam Catanzaro New restrictions...

Daily Harvest Recalls Meal Kits Handed out at Venice Event Following 470 Cases of Mysterious Illness

June 30, 2022

June 30, 2022

Direct-to-consumer meal kit company under fire for handling of outbreak tied to lentil and leek meal kit By Sam Catanzaro...

Central Coast Brewery Makes Westside Acquisitions

June 29, 2022

June 29, 2022

Figueroa Mountain Brewing acquires Broxton Brewery, The Stalking Horse and more. Staff, current beer taps to remain on board at...

Mexican Restaurant Possibly Expanding Into Former Swingers Space

June 29, 2022

June 29, 2022

Bar Hermanito applies for an alcohol exemption sales permit for space at 802 Broadway in Santa Monica By Dolores Quintana...

Six Family-Fun Westside Fourth of July Events

June 29, 2022

June 29, 2022

Fireworks, parades, runs and more taking place across the Westside  By Ashley Sloan  Pacific Palisades  The Pacific Palisades will be...

California Credit Union Awards Grant to Santa Monica Teacher

June 29, 2022

June 29, 2022

Building electric circuit friendship detectors and applying engineering principles to solve real world problems are Westside school projects receiving funding...

Santa Monica’s Building Bridges Art Exchange Presents: J.J. Martin’s “Role Models”

June 28, 2022

June 28, 2022

A traveling exhibit in partnership with Indianilla Cultural Center, Mexico City and Real de Catorce Cultural Center, Real de Catorce,...

Santa Monica City Council Approves New Rules to Streamline Meetings

June 28, 2022

June 28, 2022

Pilot program will run through end of year By Dolores Quintana At the Santa Monica City Council meeting on June...

Banning Construction of New Gas Stations in Los Angeles?

June 28, 2022

June 28, 2022

Motion from LA City Councilmember Paul Koretz calls for banning the building of any new gas pumping facilities By Sam...