Beverly Hills could soon arrange for a major financing boost for the $5 billion One Beverly Hills redevelopment in Beverly Hills. The Beverly Hills City Council on Aug. 19 will consider authorizing the issuance of up to $550 million in bonds for Cain International’s One Beverly Hills development at 10000 Wilshire Boulevard, The Beverly Press reported. It would be one of the largest luxury mixed-use developments in Southern California. Cain is asking the city to form a Community Facilities District on the site, utilizing “a public financing tool authorized under the state’s Mello-Roos Act that allows for the funding of […]
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