The Depot Lease Part 2; Utter Hypocrisy in Boohooville

On Tuesday the Bushala Depot lease agreement was not voted upon. It item was continued until July 15th.

But that didn’t keep a gaggle of Zahra followers from trying to continue the narrative of subsidies and below market rate rent.

Our new friend, tender young thing Elijah Manaserro, local scholar, was there to do just that. And a few other callers in.

My favorite speaker was the itinerant pest Curtis Gamble, whose near homelessness makes him qualified to opine on real estate deals.

When public comments were done, Zahra showed his role as coordinator of the opposition. He wanted comparative market rates, he said; there won’t be any, but okay, fair enough. But then he displayed his fundamental ignorance by including agreements with The Summit Restaurant and the Boys and Girls Club – completely different properties.

The fact is that the Santa Fe Depot doesn’t have any “comps” in Orange County. The historic building is is unique and made up of several disparate areas, each of pretty small space; in other words, hard to rent out. And the Loading Dock, proposed for inclusion in a revised overall lease, is only connected to an area already leased by the Bushalas. Adaptive reuse will require a huge outlay of money to effect structural reinforcement, enclosure and interior finishes. And because there is no place for kitchen or restrooms, it is functionally useless for anybody except the Bushalas who have ten year lease extension options.

Here’s the hypocrisy part. Remember the ill-fate “boutique hotel/monster apartment,” an unsolicited proposal with no RFP, no RFQ, no RF-anything? Do you remember any of Fullerton BooHoo raising Hell about that? Me neither. I do remember that Ahmad Zahra and Shana Charles voted to give con-men Johnny Lu and Larry Liu a $14,000,000 price subsidy on a parcel they upzoned themselves. Talk about short-term memory loss.

Hopefully when this item returns, staff will explain (based on their extensive expertise) the expertise Fullerton Boohoo is always praising – that the deal they negotiated is not a subsidy and that rather than losing money, the deal will bring in tax revenue to the City and to the County; and that letting the Loading Dock fall down doesn’t help anybody – even those taxpayers Zahra and Charles pretend to care so much about.