Would-be BCHD campus developers appeal to Redondo Beach city council
by Garth Meyer Top leaders of Continental Development Corp. and Mar Ventures, Inc., sent a letter to the Redondo Beach city council June 25, offering a rejoinder to the May vote by the Beach Cities Health District that chose another proposal to redevelop its campus. Continental Development/Mar Ventures was the original choice by the board for the work. The plan would have kept the existing Silverado Memory Care on the campus, in a new building. Instead, the proposal the board ultimately chose, by Sunrise Senior Living, means that Silverado residents need to vacate by next June. Tom Bakaly, BCHD chief executive, and the board, explained at the time of the vote that Continental/Mar Ventures’ dollar numbers and timing changed after their initial offer. Last week’s letter from Robert Tarnofsky and Lionel Uhry states that: “After BCHD selected (us) for short-term exclusive negotiations with the goal of an agreed-upon letter of intent, and subsequent ground lease, we learned of previously undisclosed information including higher decommissioning and demolition costs, a more complicated approval process, and greater environmental risk mitigation, that materially changed the cost and risk…
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