One Paseo will help community's economy

Paul Danninger

Mar West Real Estate

At a time of continuing recession, we need to think twice before we dismiss projects that could really bolster Carmel Valley’s economy — and the financial situation of many residents here.

One Paseo will provide our city with a host of beneficial economic opportunities. For one, this project will generate thousands of sustainable jobs. These will certainly help our employment numbers to rebound in the short-term – but the jobs will be available for decades to come. Couple that with the increased tax funding that One Paseo will generate for the city, and you see that this project could be a significant economic driver for Carmel Valley.

I have lived in this area for 20 years and I work in commercial real estate. I am pro-development when a project will benefit the entire community and I believe One Paseo does this and more. Of course, we’re all looking forward to having more options for dining, retail, and entertainment here in Carmel Valley – not to mention a place for families to gather on the weekends or evenings. It will be nice to have an affordable movie theater as well! These are assets that will help to increase property values – a nice bonus for residents.

I am impressed with the developer’s commitment to sustainability – One Paseo is on track to be LEED-ND certified. I am certain that with its clever design as a walkable and bicycle-friendly complex, many people will enjoy its many functions in one trip (rather than having to drive here and there to meet basic shopping needs, etc.).

This project offers a choice opportunity to boost our local economy while meeting community needs in an environmentally sustainable way. For Carmel Valley residents, this ought to be a winning combo.

   
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