A San Diego Reader article: "Kilroy Realty throws one-million dollars at city lobbyists to help with permits for One Paseo". That's One. Million. Dollars. I've heard it was spent over about 3 years, or nearly $30,000 per month. And that's just registered lobbyists! Looking at Kilroy's own financial documents, I read they purchased the property in Q4 2007 for $89M, and as of Q4 2012 they've spent a total of
$1.34M $134M on the property. That's $45 Million more Dollars spent on One Paseo over 5 years, or about $750,000 PER MONTH! Where is all this money going?!!
Of course, you do hear Kilroy complaining about the Town Center owners spending money to try to stop them. Here's a Reader article, "Shopping Plaza Owner and One Paseo neighbor spends $10,000 to lobby against project". Wait. $10,000? That's it? Really?
OK, the Town Center has spent more than $10,000, but nowhere near the $45 million spent by Kilroy. And, if you add everything spent by the WhatPriceMainStreet individuals, it's probably less than $1,000. The bottom line is that Kilroy is spending millions of dollars to convince Carmel Valley and the City of San Diego that One Paseo is a good thing. They're hiring lobyists, lawyers and consultants. They're hiring marketing firms, public relations people, and (it appears) firms that specialize in gaining grassroots support in the local community.
If One Paseo is such a good thing, why do you need to spend so much money to convince us?