Contribution to HELP DEFEAT Restrictions on Vacation Rentals – Citizens Initiative has Qualified
Donations will be managed by a newly formed PAC which is comprised of locals and local businesses that feel that the new ballot measure will go too far. Costing the town many jobs and reducing Big Bear’s economy by 57% according to the economic study.
The city council and manager have nothing to do with the ballot measure in November. A group of locals formed this on their own.
The money collected will be used to pay for educational materials, advertisement and political consultants. Normal expenditures such as print, radio and other media will be used.
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- You will NOT be able to SELL your home as a vacation rental until the total # of licenses is reduced to 1,500 through attrition. Currently, there are 2,500+ licenses. If you sell your home before 1,500 is reached, the new owner will not be granted a license to operate as a vacation rental.
- You can only rent your home 30 times (contracts) a year.
- Only Owners on the deed and 5 Friends and Family may occupy your home without payment / contract.
- You must provide the City with the names of your 5 Friends and Family.
- Owners and their 5 Friends and Family, are governed by all the same regulations as Guests – occupancy restrictions, quiet hours, parking limitations.
- Lots 5,000 sf or less may only have 2 cars parked. 5,000-10,000 sf may only have 3 cars parked. 10,000 sf or greater may only have 4 cars parked.
- A reduction in visitor volume by 437,000 annual visitors (-47%)
- Lower direct visitor spending by $250 million (-57%)
- Resulting in $289 million in total lost economic activity
- 2,100 jobs lost – corresponding to 1,500 fewer households and 414 fewer students enrolled in the schools
- $50 million less in local labor income
- City would receive an estimated $12 million per year less in tax revenues
- In addition, property tax revenues would be lower by nearly $4 million per year
- The lower City revenue would create a loss of 17 City services employees