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Mailbag: We want our say on Village Entrance

July 25, 2013

In reference to the proposed Village Entrance Parking Structure:

A July 5 Los Angeles Times story, "The O.C. Tollway needs to refinance debt," is about the tollway going deeper into debt to avoid bankruptcy. The State Treasurer is backing the $2.2 billion new bond sale to avoid a possible default on its current bond payments, since the toll road has not lived up to ridership projections. Many predicted this right from the beginning.

I believe the Village Entrance Parking Structure will not be sufficiently revenue-generating and the city of Laguna Beach will be forced to ask for more revenue bonds, just like the OC Tollway, digging our community even deeper into debt to avoid bankruptcy.

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With no money set aside for maintenance and operating expenses this parking structure will become just a bottomless pit of endless funding — and that's frightening.

Nobody would buy the Village Entrance Project with their own money — $15 million down payment, plus $2.1 million per year for 25 years. What you get is $300,000 projected gross income (no expenses considered) annually.

Don't let financing that seems to good to be true distract you from the bottom line. The taxpayers will be left holding the bag and we will have to bail out the Village Entrance Project. If we, the taxpayers, will be taking the risk we need to have our say.

Let us vote.

Charlotte Masarik

Laguna Beach

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Maybe South Laguna should go back on their own

With a quick look in phone book I found that many of the writers of letters to the editor regarding the proposed new view ordinance are from South Laguna.

Given how they are quite vocal about trees — as that is what predominantly makes up their vegetation and few properties having views — I have a suggestion. How about seceding from Laguna Beach? I remember when South Laguna was unincorporated and had to rely on the country fire department and I believe the sheriff's department for services. It was a contentious time.

Perhaps they would be happier being on their own once more and let those who live in Laguna — the original part of Laguna — take care of returning our views that have been decimated by thoughtless individuals and in some cases, from what I understand, by vindictive people who do not want to be friendly neighbors. This would at least give a better representation of the view issue.

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