California Bill Could Prohibit Some IE Warehouse Projects
The State of California has narrowly passed a bill in the Assembly that would shut down warehouse developments in Riverside and San Bernardino Counties if certain conditions exist. AB 2840 would prohibit warehouse projects larger than 100,000-square-feet if within 1,000 feet of “sensitive receptors”, namely, a residence, school, daycare facility, health care facility, community center, place of worship, playground or jail.
The bill states further that warehouse projects in those counties must have a minimum 1,000 foot setback from “sensitive receptors” or alternatively, reduce impacts to public health and safety. In addition, developments must use a “skilled and trained workforce” as defined in section 2601 of the Public Contract Code for construction and repairs.
The NAIOP is staunchly against this bill and has asked commercial real estate professionals to contact California’s Governance and Finance Committee to register opposition. A hearing on AB 2840 is scheduled on June 22nd.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.