In a Laguna Beach Planning Commission meeting this week, local developer Doug Simpson proposed the construction of a 630-unit storage facility adjacent to the Laguna College of Art + Design campus. Many students and residents alike opposed the project.
Concerns were raised regarding safety and traffic, particularly as the storage facility would share a driveway with the LCAD campus. The property in question would also neighbor a habitat restoration area, so environmental concerns were also raised. Finally, many area residents were opposed to the size of the project. Other buildings in the area are much smaller, and the large storage facility would look out of place in the scenic neighborhood.
Sources: The Coastline Pilot
Public Storage Schedules Quarterly Conference Call
Public Storage, a member of the S&P 500 and FT Global 500, announced that on Thursday, May 1, 2014, the company will release its first quarter earnings results. To discuss the results, a conference call is schedules for Friday, May 2. Those interested in tuning in can listen to the live call via the Public Storage website, under “Company Info > Investor Relations > Upcoming Events.” The recording will be accessible through May 16, 2014.
Source: Wall Street Journal