City Manager Says El Segundo Is Not Ready For Housing Development
Want to get a jump-start on upcoming deals? Meet the major Los Angeles players at one of our upcoming events!
Despite a housing shortage in Los Angeles and throughout California, city of El Segundo officials said the city is not ready for more housing.
Some residents have also been asking for the city to bring in more housing for their family members, he said during Bisnow’s Future of South Bay event.
But Carpenter said the city isn't ready to support more housing.
“From the city perspective right now, it doesn’t make any sense,” Carpenter said. “I don’t think we’re ready for it. Certainly the state is talking about [adding more housing]. That conversation will continue and it may not be out of the question in the future but right now it does not make sense for us financially.”
More than 160 people attended the event Thursday at the PCT campus in El Segundo.
But the lack of new housing projects in a tight housing market in El Segundo caught the ear of many panelists and those in attendance.
Even with more developers opting to create mixed-use projects — either retail or office with some type of residential component — and cities trying to paint themselves as live, work and play destinations, El Segundo officials said that is something the city is not trying to promote.
“We really see ourselves as an employment center for the region,” Carpenter said.
Carpenter said there are several hurdles to clear before allowing more residential development. Certain areas would have to go before city council to be rezoned. More analysis would have to be done with the city budget and revenue coming in.
“Our revenue structure here is one that depends on the commercial enterprise,” Carpenter said.
Bringing in more residential units could also mean more traffic, congested streets and lower quality of life for residents.
There might be a competitive disadvantage if cities don't add more housing next to job centers. Rose said this issue is not specific to El Segundo, but holds true for a lot of cities in the South Bay and elsewhere.
"The big issue here is the tie-in between housing and jobs, retention, attraction and growth," Rose said. "If companies say, 'Hey, I can't get my employees here [without having them take] a two- or three-hour drive,' that is a conversation the community needs to have about what is important to it."
Rose said it is about striking a healthy balance between jobs and residents.
"It is about educating on what a balanced development, land use and policies look like in these communities," he said. "What are the pros and cons and the negative as well as the positive consequences of the decisions [the city] makes."
Check out a slideshow of the event here: