SB 469 (Vargas; D-San Diego), a bill that seeks to make the local approval process for certain retail development more difficult, has been moved to the Assembly Appropriation Suspense File. Our industry has been arguing that this bill, sponsored by certain unions as a way to gain bargaining leverage on certain big retailers, would hurt development of new projects, negatively impact tenant improvements on existing stores, and be another drag on the state’s struggling economy.
Recently the president of the Independent Cities Association wrote an editorial clearly articulating reasons why SB 469 is bad policy that would not only hurt the overall economy, but make it more difficult for local leaders to choose what is best for their communities. Click here to read the full op/ed.
We are working hard to convince the committee to keep the bill on Suspense.
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