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# Better off selling the trailer park
- URL: https://www.smdp.com/better-off-selling-the-trailer-park-editor/
- Published: 2008-01-31T16:00:00.000Z
- Updated: 2026-10-24T18:14:36.000Z
- Author: Guest Author
- Tags: Opinion, Santa Monica, #archive-import

*By Bob Wolff Santa Monica Neighbors have a right to complain Editor:*

It is incredulous that the city is going to spend over $5 million for improvements on the five acre mobile home site on Stewart Street. This amounts to almost $139,000 for each of the 36 tenants.

This spending leads to a much bigger question; should the city even be operating as owner and landlord of this site and other parcels of property?

I am sure this property could be sold as is for more than $5 million. The city could then take $5 million of the sale proceeds and pay each tenant $2,000 a month for the next 69 months. If the city invested the funds at 4 percent, it would be able to pay them $2,000 a month for 79 months. Just think of the administrative savings from not having to operate that property. Then think of the property taxes the city would receive from a private owner over the next 5 (to) 10 years.

Is anybody at City Hall doing any analysis of its proposed spending before committing our tax dollars?

*Originally published in the Santa Monica Daily Press print edition on January 31, 2008.* [Read the original PDF.](https://s3.us-east-1.amazonaws.com/smdp%5Fbackissues/013108.pdf?ref=smdp.com)