See this tweet: https://twitter.com/emily_sawicki/status/1580360066300928002. Santa Monica lost its ability to impose restrictions and this project got auto-approved. But... will it actually happen?

This resolves to YES if, on the lot specified, a majority of the quantity of approved apartments (1,201 or more) are ultimately built without the market first resolving to NO, or if the market is reliably trading 99%+ for a month or more.

This resolves to NO if the project is clearly abandoned, clearly has no legal path forward to being built, or ground is not broken within 5 years (10/13/2027) or 1,201 apartments are not completed by (1/1/2030), or if the market is reliably trading 1%- for a month or more.