The Corporate Carnage Continues
All of this is not much different than the raping of our housing market by Wall Street and foreign owned investor-syndicators.They’ve illegally taken over thousands of our rental units and turned them into Airbnb’s. We shouldn’t blame this just on outsiders coming in for their latest kill. Far more despicable is that many of our rental unit losses have been at the hands of powerful local movers and shakers. They have turned entire apartment buildings into quasi hotels and some of them are now being sued by the city attorney.
Out-of-area developers are amplifying our loss. These predators have totally changed the ‘touch and feel’ of the oldest community. They have slapped up two-on-a-lot boxes on many Oakwood streets. They are the slam-bang-thank-you-ma’am kind of developers — they’re in and then they are gone forever on to their next target.
Unlike the local developers of past years, these developers have a clear focus — to make money and lots of it — and get out. They do not have a scintilla of interest in the Venice community. Our city deciders don’t know the word ‘’overbuild’ or understand, or even grasp the concept of mass, scale and character. Pretty much everything gets approved. If the lobbyists prevail, don’t be surprised if Venice’s most important and most congested street is forced to choke down a huge city-block-long hotel. The collateral damage from such a huge project will creep insidiously and permanently into our lives in many, many ways — some will be subtle and some will smack you in the face forever. Place your bets on how long it will be after it gets built before you see a Marriott sign up on the place. That’s where the big bucks lie.
Is there anything anyone can still do to maintain some semblance of our authenticity and uniqueness? No.
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