If you'll indulge me, I have a concrete story on this. In San Diego County, in the city of Del Mar, there is one final plot of 17.45 acres of oceanfront land. W

If you'll indulge me, I have a concrete story on this. In San Diego County, in the city of Del Mar, there is one final plot of 17.45 acres of oceanfront land. What was to happen to it? The proposal was the "Marisol Specific Plan". It was to developed into a resort, easily a high 9-figure project, producing revenue, creating jobs, economic activity. When voters unsurprisingly rejected it, the land was subdivided into 5 ultra-luxury lots, each going for $10-20 million. The inadequate zoning is leaving hundreds of millions dollars gone because the land can't be put to its full productive use.