This past June, our beloved city council decided to sell $40 million dollars in property for $3 dollars to land developers for the “Station District”. Yes, that is correct; $3 dollars. The council also decided to loan the developers $17 million dollars and to pay brokerage fees to a real-estate company. As if this wasn’t enough, the whole vote was cast with two of our council members being in direct violation of city conflict of interest laws.
Why would our elected representatives who have a fiduciary duty to use prudent judgment in all decisions for the best interests of the residents of the city of Santa Ana, decide to sell $40 million dollars worth of property for only $3 dollars???
The developer that received this deal is akin to the Dutch settlers that bought Manhattan from the Native Americans for $24 dollars worth of beads and mirrors. But this is worse, because the Native Americans had no real estate savvy to know what they were giving up. Our city council includes attorneys and other allegedly intelligent businessmen.
The only thing we have been hearing from Mayor Pulido and the city council are the “build it and they will come” mentality that got us the giant vacant lot known as One Broadway Plaza, another piece of land that Santa Ana has given up stake to a private developer in the hope that something great will be built thus generating revenue.
The Station District project is approximately 94 acres with at least 48 parcels of it designated toward “affordable housing” I am sorry, but Santa Ana has already built more than enough “affordable housing” that has resulted in overcrowding with insufficient infrastructure with little return in revenue for our city. This whole project smells like Bell from the 40 million dollars in land sold for 3 dollars to the conflict of interest votes used to approve the project.
The solution to our city’s problems is in your hands as you vote this coming November 2nd. As your mayor I will be a watchdog over the money our city spends.
Vote smart, vote Hart.