Cain International and OKO Group got the green light from the Beverly Hills City Council in the wee hours of Wednesday morning to designate a Community Facilities District that could allow One Beverly Hills to receive up to $550 million — twice the city’s annual operating budget — in bond financing. The council would still have to approve future bond issuance within the specific area, which the developers of the mixed-use project expect to seek closer to the project’s 2028 completion. “It’s a good deal for One Beverly Hills,” Vice Mayor John A. Mirisch, who voted against the project in 2021, […]
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