Beverly Hills News – City Council Approves Resolutions For One Beverly Hills
Posted: Wednesday, November 9, 2016 – 3:54 PM
By Victoria Talbot
The Beverly Hills City Council voted to approve the preparation of a resolution and an ordinance to approve the 9900 Wilshire Boulevard project, also known as One Beverly Hills, in a 4-1 vote with Vice Mayor Nancy Krasne dissenting
One Beverly Hills’ Specific Plan Amendment, Development Agreement and Final Supplemental EIR will be on the City Council agenda on Nov. 15.
No specific modifications were made to the plan, reflecting the Council’s approval of the loading dock and the three left turns/entrances on Santa Monica Boulevard.
The Development Agreement includes $820 million, with $60 million upfront going to the City. The council also considered providing more funds from the agreement for the Beverly Hills Unified School District and agreed to work that into the Joint Powers Agreement, which is currently being negotiated.