Gold Rush -- January 16, 2025

Locator: 44696FIRES.

Gold Rush
Think Big, Go Big
Make Pacific Palisades Great Again

January 16, 2025:

Pacific Palisades: "Big Real Estate" will move in. This will be the "California gold rush" of real estate.

• call it the "Newsom Plan" -- think like "The Marshall Plan" or “The Manhattan Project"
  
• my hunch: at least three or for major projects are already being considered; perhaps many more.
  
• a half dozen major projects -- Trump will love this -- the projects will be the nuclei that rebuilds the Palisades
• analogy: think of the biggest, best mall in America -- any mall, it doesn't matter -- they're all anchored by four Big Box stores; now expand that concept / that analogy to a full city.
• one anchor: state-of-the-art medical-surgical facility with ObamaCare eligibility for all residents for ten years
• second anchor: at least two major mixed-use developments reserved for blue-collar first responders with no money down, interest-free loans for ten years; total monthly payments not to exceed monthly payments made in calendar year 2022
  
• third anchor: churches, synagogues 
• mortgage / home insurance at 50% average California rates for ten years; the other 50% subsidized by the state / federal government
  
• make the Pacific Palisades / Altadena an economic-free zone
• Altadena is particularly important
  
• bring in Newsom / Bass / Musk / Trump family
• incentives similar to the Homestead Act:
• residential property: no property taxes for ten year; then Prop 13-qualified; interest-free loans for ten years;
• current residents whose income (verified by 2023 IRS tax statement is less than $100,000) get much better financing;
  
• commercial property: financing, property, and sales tax incentives.
• think private / public / state government partnerships
• think Spark Capital with regional headquarters in San Francisco (think Stanford, Silicon Valley, deep pockets)
  
• think big, go big, make Pacific Palisades great again