Thursday, February 23, 2017

Apparent suicide by train in Leucadia last night

Patch:
A woman was fatally struck by a freight train when she ran onto the tracks in Encinitas, authorities said Thursday.

The victim dashed into the path of a BNSF train headed south at about 50 miles per hour in the vicinity of North Coast Highway 101 and Diana Street for unknown reasons around 10:30 p.m. Wednesday, sheriff's Deputy Jason Burk said.

Wednesday, February 22, 2017

Council gun-shy on open space acquisition after Pacific View fiasco

San Diego Reader:
A 33-acre Encinitas strawberry farm landed on mayor Catherine Blakespear's wish list this week when the real estate agent representing the family owners offered it to the City of Encinitas.

"It's just north of the San Elijo Conservancy," Blakespear said. "We don't have the money to buy it but I'd like to be able to."

[...]

The tumultuous multi-year effort for the city to acquire and repurpose the Pacific View property from the Encinitas School District left the city's leaders feeling a little timid about venturing into land acquisition again, Blakespear said. The city bought the 2.8-acre property for $10 million in 2015, issuing bonds to pay for the purchase.
Years after the council's $10 million Pacific View purchase, the buildings remain dilapidated and unoccupied and have yet to live up to the council's vision.


City Council rendering of Pacific View site

Friday, February 17, 2017

Council to consider commercial marijuana cultivation, retail pot shops

NBC7:
In a 4-1 vote, the Encinitas City Council has started the process to allow commercial marijuana growing in their city.

Encinitas, dubbed the flower capital of the world, sees an opportunity to keep their agricultural business alive.

[...]

City council member Tasha Boerner Horvath said she conducted a survey of her own and 67 percent of residents want a store front or delivery service of some kind for marijuana.

Wednesday, February 15, 2017

2/15/17 City Council meeting open thread

Please use the comments to record your observations.

Housing Task Force first meeting report

Del Mar Times:
The group — comprised of Mayor Catherine Blakespear, Deputy Mayor Tony Kranz, former Planning Commissioner Kurt Groseclose and No on T spokesperson Bruce Ehlers — ultimately decided at the meeting to interview for a housing element expert to answer technical questions regarding state requirements and survey similar cities to see how they met the state’s Regional Housing Need Allocation (RHNA) numbers.

[...]

The task force, which was created at the Feb. 1 city council meeting, also agreed to pursue capping up-zoned properties at two stories, provided they meet RHNA requirements. It will also look to minimize the buffer zone, which is the number of units above the state-required 1,093 zoned high-density units.

The city would return to the general plan for definitions, specifically how height is measured.
Click on over and read the whole thing.

Tuesday, February 14, 2017

Wrong-way CalPERS whiffs again

CalPERS' timing is truly uncanny. From dumping tobacco stocks at all-time lows to buying leveraged L.A. scrub land and "toxic waste" CDOs at the peak of the housing bubble, CalPERS has a knack for doing it wrong.

And yet again:
A shift away from stocks and private equity just before the presidential election has caused CalPERS to miss out on about $900 million in revenue since September.

CalPERS Chief Investment Officer Ted Eliopoulos disclosed the number at a Board of Administration meeting on Monday in a presentation describing how a temporary shift in assets has played out.

The fund moved some of its investments away from stocks and private equity last fall, anticipating a period of market volatility. It has missed some of the broad market gains that have unfolded in recent months.
Thanks to CalPERS' bad performance and dishonest projections, Encinitas has an unfunded pension liability of $154 million by Stanford's analysis.

 The average Encinitas government worker retires much earlier than private sector employees and gets $98,000 per year for life.

Monday, February 13, 2017