Friday, October 02, 2009
Odds and Ends 137
First, in speaking with a senior member of the development team, I can positively inform you that everything is still quite foggy with regards to just about everything involving Ponte Vista at San Pedro.
The person I spoke to attempted to state that it was up to the Planning Department to further its work before the Outreach Team revealed to the public whatever the newest plans and illustrations were for the site.
The idea that something will come out into the public in "late fall" may also be somewhat premature, it seems. Don't get impatient if something doesn't fall out by somewhere around the beginning of next year.
There really doesn't seem to be any reason to rush anything along and that is quite fine with me.
Why rush to start building anything when the housing market is still in as much trouble as it still is in.
Yes, it is true that I do have a copy of the Chapter 11 bankruptcy filing by Mr. Robert Henry Bisno.
It is a rather fascinating document. It is fifteen pages long and lists the names and amounts of the claims filed against Bob.
Many of the claims are disputed. But the amount apparently owed to the I.R.S. does not appear to be disputed.
In the document, Mr. Bisno is claiming estimated assets of between $100,000 and $500,000 and estimated liabilities of between Ten Million to Fifty Million Dollars.
O.K., if he says so. But the list of under 49 claimants lists claims of many hundreds of Millions of Dollars, again many disputed.
A little bird chirped that Bob has done this before and he feels he could be a billionaire by the next time he files.
But in the end, I think Mr. Bisno will avoid the southern end of the 110 Freeway in the future.
For the very few of you who live in Rancho Palos Verdes and also visit this site, we have an election coming up on November 3.
Now I know that Eastview residents for the most part, still consider themselves San Pedrans and that is fine and dandy. That is until things go wrong in our neighborhoods and then we need to turn to our own city government on a hill overlooking the blue Pacific.
Please visit www.eastrpv.blogspot.com to learn about the upcoming election and my take on the candidate Forums.
Since this will continue to be a slow news cycle concerning Ponte Vista, I have decided to include a few things not necessarily related to Ponte Vista directly.
Our current City Fathers have been outspoken critics of a huge development on our city's border with San Pedro and I hope the two new candidates coming on board in December and the three new ones elected in 2011 will share their opposition to over development along Western Avenue and other parts of Rancho Palos Verdes.