Ideas are squarely inside the box
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ERIC BEVER
I am pleased to see that my council comments regarding Triangle
Square have resulted in further discussion of this important issue.
Even though thorny problems sometimes require thinking outside of the
box, as a problem solver I am always willing to investigate positive
solutions regardless of the appearance to those who are uninformed.
Contrary to the story as told by the Pilot, the center did very
well for a number of years under the original ownership. The current
problems may be related to the fact that the present owner is outside
of the United States and seems to have little interest in filling the
center or seeing it succeed. Sure, there are other functional issues,
but they are secondary.
Ultimately, the city has very little in the way of power or tools
to change things at Triangle Square if the owner is unwilling to
initiate an effort. From what I understand, it appears that the owner
has discouraged past, current and potential tenants. I also
understand that there are folks willing to buy the center and run it
more effectively.
I believe that eminent domain is a tool of last resort; however, I
suggested that the Redevelopment Agency investigate the possibility
of using this tool to facilitate a change of ownership at Triangle
Square based upon the U.S. Supreme Court’s recent decision, which
stated that the economic benefit to the public met the requirement of
“public good.”
Based on the court’s interpretation, having the center run at full
capacity could be described as being for the “public good,” as a
properly functioning center could result in a 300% to 400% net
increase of sales tax revenue to the city. That’s a potential
increase of $500,000 to $750,000 annually, in addition to the
inherent benefits the center would provide our community.
It should be noted that a friendly condemnation would provide the
owner with tax advantages, which might make selling to a motivated
operator more likely. Now, that’s not so far outside the box, is it?
Whether this approach is adopted, the saber has been rattled, and
the owner has been put on notice that this City Councilman really
does care and is interested in finding solutions.
* ERIC BEVER is a Costa Mesa City Councilman.
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