
Cañada Larga (VC Reporter Photo)
Westside/Cañada Larga plan examined
Short-term negative fiscal impacts vs. long-term overall benefits divide officials, property owner
By Shane Cohn, Ventura County Reporter 04/14/2011
If all the ticks and tocks of the proposed Westside and North Avenue/Cañada Larga Area Community Plan click into place like a Swiss clock, the newly completed Market Overview and Fiscal Analyses predict a fiscal drain for more than 10 years, then recovering more than $1 million of annual fiscal surplus for the city of Ventura’s general fund by the year 2030.
But does anything in this life or, more appropriately, does anything in Ventura go exactly as planned?
On Jan. 24, the City Council appropriated about $60,000 for a consultant to conduct a fiscal report showing various potential economic impacts of annexing the North Avenue, as well as 650 acres of the Cañada Larga valley floor, to the Westside Community Planning Area boundary.
If the City Council decides not to annex the North Avenue or Cañada Larga, and sticks with the original Westside development plan, the report shows a yearly positive fiscal surplus of $184,000 by 2020, and about $392,000 by 2030.
Projected development in the area will result in approximately 524 jobs over the 20-year period.
Annexing only the North Avenue area into the community plan area, assuming the Brooks Petrochem project (1,105 residential units) is built out according to plan, would generate $1 million for the general fund, but require $1.3 million in municipal services, bringing a fiscal deficit of $314,000 yearly but would shrink to a deficit of $233,000 by 2020.
Finally, by 2030, the area would generate a fiscal surplus of about $707,000 annually, assuming additional developments in the area occur without a hitch. Over the 20-year study period, projected development will result in 4,105 new jobs for or in the area.
The report, completed by Illuminas Consulting and now posted on the city’s website, was completed assuming that redevelopment funds would not be available as Gov. Jerry Brown aims to dissolve redevelopment agencies.
“When I came to Council,” said Deputy Mayor Mike Tracy, “I understood the attraction of adding North Ventura Avenue is what we could do with redevelopment fees and that the light industrial pieces could invigorate the economy, but with it in question, it puts the whole thing in limbo.”
Tracy further acknowledged that without redevelopment monies, the North Avenue area is indeed a fiscal drain for 10-20 years.
Mayor Bill Fulton agreed.
“This is a big financial loser for a lot of years under even the most optimum scenario,” Fulton said.
What needs to be understood in the study, cautioned Fulton, is that projects for the proposed planning area would need to be built on the schedule that is assumed in the report.
“It’s an educated guess as to when and whether the other stuff may be built that turns the fiscal around,” noted Fulton.
The addition of the Cañada Larga valley floor to the Westside Community Plan Area has been subject to contentious debate within the Council, as well as the community. Council members Tracy, Christy Weir, Neil Andrews and Jim Monahan have contended that as long as studies are being done to annex the North Avenue, it would be beneficial to also look at the impact of possibly annexing the 650-acre valley floor.
Environmental and fire concerns aside, the fiscal study showed that annexing Cañada Larga and attaching it to the Community Plan would be a plus. Since the area is largely undeveloped, roughly the same fiscal deficit would accrue as in the Westside/North Avenue combination. If, by 2030, the proposed build-out of up to 99 executive houses with price tags estimated at $3 million occurs, the city’s annual fiscal surplus could rise to about $1.6 million.
“The largest financial surplus in this annexation occurs by including Cañada Larga to the North Avenue,” said Cañada Larga property owner Shull “Buz” Bonsall.
The study considers, however, the risk the area poses to wildfires. If annexed into Ventura, approximately 200 acres would be considered for development, leaving nearly 450 acres for the riparian corridor and open space. The costs of suppressing a fire would fall heavily on the city. The study figured that it would cost the city about $2.8 million, should one catastrophic fire on the property occur in the 20-year analysis period, an annual risk allocation of $141,700 annually.
“It will be interesting to see how the rest of Council interprets all of this,” said Tracy.
The City Council will meet Tuesday, April 19, at 6 p.m. in Council Chambers at 501 Poli St., Ventura.
shane@vcreporter.com