Don’t ruin Del Mar — Vote ‘No’ on prop J

Your “YES” vote on Del Mar Prop J could mean an immediate tripling in the value of the land under our commercial property at 11th & Camino Del Mar.  How so?

The value of commercial property, unlike residential, is based on the return on the investment.  Rental income is based on the floor area of building rented.  Since the floor area ratio currently on our property is only 29 percent, Prop J would allow an increase in the FAR to at least 100 percent — an increase of 245 percent. And the value, as well.

We should be voting “Yes,” but let me tell you why we are voting “No.”

We have lived immediately next door to our commercial property since 1964, and we believe the planned changes to the downtown will destroy the small-scale livability we have enjoyed in Del Mar, lower the value of our home and really be bad for business.

We believe changes to the main street would create more havoc there and on our side street, with whatever traffic and parking solutions they might provide.  There is call for more restaurants along the entire six blocks, creating more smells, rats, late night noise, etc.

We can live with whatever replaces this proposed Plan.  Vote “No” on Prop J.

Ralph Peck
Del Mar

Related posts:

  1. Vote No on Prop J to avoid chaos
  2. Vote ‘No’ on Prop J and save money!
  3. Get the Facts: Vote ‘Yes’ on Prop J and stop Village decay
  4. Prop J benefits dubious — vote ‘No’
  5. Vote ‘Yes’ on Prop J for the benefit of our children’s future

Short URL: http://www.delmartimes.net/?p=41293

Posted by Staff on Oct 18, 2012. Filed under Letters, Opinion. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Alumni and Advancement Center named for longtime supporters Larry and Cindy Bloch of Rancho Santa Fe
    The University of Rochester’s Alumni and Advancement Center in Rochester, N.Y. has been renamed the Larry and Cindy Bloch Alumni and Advancement Center in recognition of the couple’s support of the university and, in particular, its Advancement programs. In a ceremony on Wednesday, Oct. 15, UR President Joel Seligman formally dedicated the center in honor of […]
  • RSF Association Board Biz: It’s fire season: Be prepared
    The Rancho Santa Fe Fire Protection District (RSFFPD) was officially formed in 1946, in the aftermath of a devastating fire that took place in 1943 and destroyed brush, farmland and homes from Rancho Bernardo through Rancho Santa Fe, all the way to Solana Beach and Del Mar. Today the Fire District spans 38 square miles and protects nearly 30,000 residents. W […]
  • Rancho Santa Fe couple lead way in helping those with thyroid disorders
    Few people may know that Graves’ disease is one of the most common autoimmune diseases afflicting Americans today. Fewer still may know that the only national non-profit dedicated to its patients is headquartered in Rancho Santa Fe. The Graves’ Disease and Thyroid Foundation, co-chaired by Rancho Santa Fe residents Kathleen Bell Flynn and Steve Flynn, has be […]