Pebble Beach Buildout Receives Final Approval
June 21, 2012
You'll see new homes, a hotel and equestrian center going up at Pebble Beach over the next 20 years as part of a development proposal 25 years in the making.
What you won't see are 18 recommended units of affordable housing, for which Pebble Beach Company agreed to pay up to $7 million in in-lieu fees as it searches for a suitable location elsewhere on the Peninsula.
That's the plan the County Board of Supervisors voted 5-0 Tuesday to support as Pebble Beach Co. moves forward with its final buildout, which includes 90 to 100 residential lots, a new hotel and spa, a remodeled equestrian center, relocated driving range, and expanded conference center and 100 new rooms at the Inn at Spanish Bay and the Lodge.
Tuesday's vote puts an end to decades of push and pull between conservationists and Pebble Beach Co.
The supervisors departed from county planning staff's recommendation to require Pebble Beach Co. to build affordable housing units onsite. Instead, the company will put $5 million into a trust to be used for acquiring and permitting a property and building affordable housing.
If within five years, there's no shovel-ready affordable housing project, the company will pay an additional $2 million as a penalty.
After the California Coastal Commission shelved an earlier plan for a larger development, Pebble Beach Co. returned with the version approved Tuesday. It's scaled down from the earlier proposal and also sets aside 635 acres of open space in the Del Monte Forest.
If Pebble Beach Co. moves forward with an affordable housing plan, they'll also give an additional 135-acre plot off Aguajito Road in Monterey to the county as park space.