Why Is The AIDS Healthcare Foundation Ponying Up $5.5M For A Real Estate Measure?
The foundation says that the 30-story residential towers that real estate development company Crescent Heights wants to build next to the organization will be too tall and too dense for their location and will worsen traffic and accelerate gentrification.
Los Angeles Times:
Big Spenders In Measure S Battle Are Familiar Foes
Real estate development company Crescent Heights has been at odds with the AIDS Healthcare Foundation over its plans to build two towers next to the foundation headquarters on Sunset Boulevard. So far, Crescent Heights has contributed more than $2.5 million to oppose Measure S. The AIDS Healthcare Foundation, in turn, has chipped in more than $5.5 million to support it. The ballot measure would impose a moratorium on building projects that require zoning changes and other alterations to city rules. (Alpert Reyes, 3/3)