What will James Goldstein buy with Carson's millions?

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Having beaten the city of Carson three times in court, eccentric mobile home baron James Goldstein has the whip hand in ongoing settlement negotiations. Goldstein is demanding $150 million for the city's failed efforts to stop him from subdividing two mobile home parks.

So what does he plan to do with the money? Style Section L.A. has the answer (via LA Observed):

You've got the ultimate party house already, why build a nightclub?

I get requests all the time for parties here, and I'm also a person that's been going to nightclubs all my life, so it's something that I've wanted to do for a long time.  Whether I end up using it a lot or not, it's something I've always wanted to do: design my own nightclub.

It's not clear whether the negotiations will result in a deal. The latest concept is for the city to facilitate the sale of the two parks to a non-profit group, possibly using some redevelopment money to close the deal. Goldstein would get a significant fraction of what he's been asking for, but most of it would come from the sale of bonds. So far, however, the two sides are still pretty far apart on a sale price.

The parties have met twice with a professional mediator, but no meetings have taken place recently and none are scheduled. The city is waiting for a response to its latest offer.

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This page contains a single entry by Gene Maddaus published on November 12, 2009 2:30 PM.

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