Business

City Council considers role as agent of redevelopment

CITY HALL — The City Council will decide Tuesday whether or not to take on the work of winding down the Redevelopment Agency, an entity that has hundreds of millions of dollars in housing and capital improvement projects throughout the city. Staff recommends that City Hall become the successor agency to the RDA, which will be dissolved... Read more →

Business

Redevelopment in jeopardy after high court ruling

CITY HALL — Santa Monica officials will scramble to determine the fate of $267 million in high-priority redevelopment projects in the wake of a California Supreme Court decision Thursday that allows the Legislature to dissolve redevelopment agencies across the state. The court took opposing stances on two pieces of legislation passed... Read more →

Business

Red Cross renders aid in house fire

The American Red Cross Los Angeles Region Disaster Operations Center rendered aid Tuesday to three victims of a house fire that broke out in the 900 block of Fourth Street. The Santa Monica Fire Department responded to the early morning blaze around 4:45 and found the front room of a one store duplex engulfed in flames. The cause of the... Read more →

Business

City Council approves new fees for developers

CITY HALL — The City Council last week approved new fees developers will have to pay to ensure only vetted tenants take advantage of the city’s affordable housing program. The Affordable Housing Production Program requires that developers in the housing market build a certain number of affordable units either on-site or off-site... Read more →

Business

City’s sales receipts up nearly 16 percent

DOWNTOWN — Apparently it doesn’t take Black Friday deals to get Santa Monicans and visitors to open up their wallets. Sales tax receipts from the second quarter of this year — April to June — were up nearly 16 percent from the same period last year, the result of Santa Monica Place reemerging as a shopping, and now... Read more →

Business

Red Cross to honor City Hall

The American Red Cross Los Angeles Region is honoring the city of Santa Monica’s Office of Emergency Management along with other area businesses and individuals as “heroes” for their exemplary work in promoting emergency preparedness. The Heroes awards will be presented at the Red Cross’ second annual Heroes Breakfast... Read more →

Business

Lionsgate hurt by weak movie slate; stock dips

COLORADO AVE — Santa Monica-based Lionsgate, a diversified entertainment company, announced Wednesday a second quarter loss of $24.6 million, or 18 cents per share, compared to a loss of $29.7 million, or 22 cents per share, in the previous year’s second quarter. Executives blamed the loss partly on the weak performance of feature... Read more →

Business

BIDs to demand help from City Council

CITYWIDE — The outlook for small businesses in Santa Monica is improving, but there’s more that City Hall and the City Council can do to help spur on the economic engine. That’s the message leaders of Santa Monica’s four business improvement districts (BIDs) will try to impart to the City Council in a special study... Read more →

Business

Boarding for breast cancer

Social causes and alternate forms of transportation are common in Santa Monica, so it should be no surprise that the two have fused in the fifth annual Skate the Coast on Saturday. The event, which will stretch from the Santa Monica Pier to Redondo Beach, is organized by Board for Breast Cancer, a Los Angeles-based youth organization that... Read more →

Business

Developer purchases Denny’s property

LINCOLN BLVD — Soon, Santa Monicans will have to go further afield than Lincoln Boulevard to get their Grand Slam breakfast. NMS Properties, a mixed-use developer with several apartment buildings in Santa Monica, has agreed to purchase the 37,500-square-foot lot on the 1500 block of Lincoln Boulevard that currently hosts a... Read more →