Yep, the city should stop buying RE – they are f*** terrible at it.
I looked up the prices as the Marriott Mission Valley was up for sale a while back. It was $242k/key in April 2019. Who pays more for a Residence Inn, only politicians do.
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speaking of “genius” real estate deals FWIW ya might find the following pod cast interesting,…
[quote] Kevin Faulconer’s City Hall and 101 Ash:
The Worst Land Deal and the Biggest Cover-up
Art Castanares of LaPrensa San Diego, is joined by guest host, Barbara Bry to discuss 101 Ash Street. This premiere episode features an exclusive interview with attorney Lawrence Shea on city of San Diego’s disastrous 101 Ash Street deal.
too bad there wasn’t a virus that takes out the yuge population of “no talent ass clowns” (i.e. career politicians/pundits) to make the world a better place
…on the bright side had to laugh at the description DeMaio gave of faulconer (i.e. “Meg Whitman without the dress”)
[quote] The fighting over California’s top job has begun — among Republicans
…Two prominent Republicans have already launched their campaigns — former San Diego Mayor Kevin Faulconer and businessman John Cox, who lost badly to Newsom in 2018.
Since launching his gubernatorial run, Faulconer has quickly sought to position himself as the establishment pick. He rolled out a slate of endorsements from Republican lawmakers. A mailer from his campaign stresses that Faulconer was able to win in populous, diverse San Diego by persuading independent voters. That offers a “credible shot at winning statewide, despite California’s challenging voter registration,” the piece argues.
But convincing the Chamber of Commerce is different from convincing MAGA adherents. Faulconer’s foes are already seeking to portray him as a milquetoast moderate who would not excite voters. Cox, who lost to Newsom in a landslide in 2018, has highlighted dubious real estate deals to try and portray Faulconer as corrupt. Cox attacked his rival in an ad entitled “Gavin Faulconer.”
“I’m attacking corruption. I’m attacking incompetence and mismanagement. I don’t care if it’s Republican or Democrat,” Cox said in an interview. “I don’t think Kevin Faulconer has any business running for governor.”
Faulconer has also drawn steady fire from former San Diego Councilman Carl DeMaio, a longtime rival and staunch Trump supporter who hosts a popular conservative talk radio show. DeMaio launched a website that portrays Faulconer as a liberal in disguise, drawing a public rebuke from Rep. Darrell Issa (R-Calif.).
Choosing an establishment-favored centrist like Faulconer would squander the energy and enthusiasm galvanizing California Republicans, DeMaio argues. He said California Republicans, desperate for a victory, have “demoralized the base” by seeking to elevate someone more like the Democrats.”
“It is vitally important to rebuild the infrastructure in the state. A recall race – win, lose, or draw – can be a real turning point for the Republican Party. You can only do this if you have a candidate you can be proud of and who can motivate the base,” DeMaio said in an interview, arguing that Faulconer’s ascendancy was “part of the death-spiral of the Republican party” and calling Faulconer “Meg Whitman without the dress.”
