Transient Occupancy Tax – Str’s are less profitable to Monterey County than permitted hotels

Sand City Ecoresort Economics to Monterey County  (from Pine Cone article)

Sand City Monterey Bay Shores

Hotel and Condos

  • 184 Hotel Rooms
  • 92 Rental Condos
  • 92 Residential Condos
  • ADA Compliant
  • Fully Licensed
  • Safe for Guests- Onsite personnel
  • noise mitigation, noise monitoring
  • Has Legal Right to 149 acre-feet of water
  • Protections for birds
  • Coastal Commission has been fighting its development since 1998. Multiple lawsuits by many parties.

 

Taxes and Fees

  • $6 million/year in TOT
  • $1.775 million in fees
  • $542,000 Transportation and traffic mitigation
  • Multiple full EIR’s

 

 

 

Coastal Commission been fighting its development since 1998. Multiple lawsuits by many parties.