Copycat measures similar to Measure A will surface in cities across our region if voters approve this countywide measure in March.
Copycat measures similar to Measure A will surface in cities across our region if voters approve this countywide measure in March. That’s exactly what happened in Ventura County.
Proposals just like Measure A – approved throughout Ventura County years ago – crushed its economy, job growth and housing affordability, economists say, and the county has never recovered.
Before passing similar measures, Ventura employment out-performed the rest of California. Jobs there grew 50 percent better than the state. But since passing those measures, job growth has been 50 percent worse because housing costs have soared. This is all documented by the Fermanian Business & Economic Institute at Point Loma Nazarene University.
“In 2015-16, Ventura County fell into recession. This downturn contrasted sharply with the continued expansion in the rest of California and the nation. Companies have either downsized or left Ventura County due to the lack of adequate housing for current or prospective employees. During the past five years, the number of firms that have departed Ventura County for adjacent areas or outside the state has been unprecedented,” the Fermanian study says. We do not want to end up like Ventura County.
The wealthy, out-of-state backers of Measure A wrote it to protect the Golden Door Spa, which campaign finance records show has contributed hundreds of thousands of dollars to Measure A. This luxury resort near Escondido attracts the rich and famous, who pay $10,000 a week. The owners are among the richest people in the world.
These extremely wealthy Wall Street investors want to keep affordable homes far away from their exclusive hotel and force them into congested neighborhoods. Their measure exempts commercial and industrial developments, including casinos, hotels and expanding the Golden Door.