Will the Builders' Remedy project for 2,400 apartments in Santa Monica approved in Oct 2022 ultimately be built?
26
580Ṁ4821resolved Sep 13
Resolved
NO1H
6H
1D
1W
1M
ALL
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.
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