Tonight’s Irvine City Council meeting will address an artificial deadline for the city council to accept a proposal from FivePoint Communities with what seems to be the largest hostile takeover of public land in OC history. The pressure by Republicans on Jeff Lalloway to vote yes on the project before all of the details are sorted out is nothing short of astounding. The GOP and the OC Register are basically pressuring the council to give up their obligation to manage the planning and operations of the Great Park. Council member Christina Shea and Mayor Steven Choi seem like they are willing to give FivePoint a signed contract and let them fill in the blanks later.
In a word, it’s shameful.
The reality is it’s the city who really holds the cards. The developer stands to profit to the tune of hundreds of millions of dollars if not more than a billion. They have cheerleaders ranging from the OC GOP, the Orange County Business Council, and the Orange County Register which has abandoned the watchdog role in exchange for corporate cheerleader.
Emile Haddad’s piece in Sunday’s Register is revealing; he says he’ll be at the meeting tonight to answer questions. OK, here are mine and the comments section is below for answers.
1. How much profit does FivePoint anticipate making should the deal go through? A million? Tens of Millions? Hundreds of Millions? More than a Billion?
2. If a golf course is so important, why not put it on FivePoint property?
3. Why do you think your company is better suited for managing the Great Park operations over city staff?
4. If FivePoint is such a great developer, why have you only built about 50 homes in seven years?
5. Why did Lennar ever demolish the runways they were supposed to do years ago?
6. Why did you send a lobbyist with Mayor Steven Choi to Korea?
7. How much will you personally profit is you get three votes tonight?
8. So if you don’t get three votes tonight, is the project really dead?