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Billionaire accused of stealing sand in Malibu, lawsuit says

whysavetoday by whysavetoday
August 14, 2024
in Real Estate
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Billionaire accused of stealing sand in Malibu, lawsuit says
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California’s seashores are public, however on the sands of Malibu, one billionaire has been accused of stealing a slice of paradise — or not less than a couple of scoops of it — for himself.

A lawsuit filed final week alleges that Mark Attanasio, billionaire businessman and proprietor of the Milwaukee Brewers baseball crew, has been utilizing excavators to dig up sand from Broad Seaside and carry it again to his home as a part of an ongoing building venture.

“This case is a few personal property proprietor utilizing a public seaside as their very own private sandbox and the disturbing conversion of a public pure useful resource (i.e., sand from Broad Seaside) for a close-by house owner’s private, personal use,” the lawsuit says.

The swimsuit was filed by Attanasio’s next-door neighbor James Kohlberg, son of Jerome Kohlberg, who based the worldwide funding firm Kohlberg Kravis Roberts & Co.

Kohlberg’s legal professionals accuse Attanasio’s building crew, JILK Heavy Development, of working huge excavators in tidal zones, leaking oils and exposing native marine life to probably hazardous byproducts. The swimsuit alleges that the development restricted public entry to everything of the seaside.

Attanasio purchased the Broad Seaside house for $23 million in 2007. A decade later, he picked up the neighboring property, an empty lot, for $6.6 million.

Mark Attanasio bought this Malibu parcel for $6.6 million in 2017 but never developed it.

Mark Attanasio purchased this Malibu parcel for $6.6 million in 2017 however by no means developed it.

(Mac Hayward)

In March, the Brewers proprietor obtained permits to restore a broken part of seawall, in keeping with the lawsuit. In June and July, excavators allegedly started dragging sand from the seaside onto his personal property and likewise left gasoline residue within the water and sand.

Attanasio’s lawyer, Kenneth Ehrlich, stated his consumer’s firm, 2XMD Companions LLC, has acted in 100% compliance with all of its permits.

“2XMD is within the midst of a fully-permitted emergency restore of the property to guard it from ocean forces. It has secured all permits essential for the repairs from the Metropolis of Malibu and LA County in addition to totally vetted all contractors and sub-contractors concerned within the venture,” Ehrlich wrote in a press release.

The lawsuit, which accuses Attanasio of public nuisance, personal nuisance and violation of the California Coastal Act, requires a cease to the development, for the sand to get replaced and for fines to be issued.

The disputed stretch of sand sits simply east of Lechuza Level in Broad Seaside, a hyper-exclusive enclave the place celebrities and enterprise tycoons spend tens of thousands and thousands of {dollars} for houses proper on the water.

Over time, the seaside has been battered by violent storms and excessive tides, resulting in important sand depletion. In 2015, high-profile residents together with Dustin Hoffman, Ray Romano and Pierce Brosnan dedicated to a $31-million restoration venture to bolster the seaside’s sand.

In the previous couple of a long time, Malibu has emerged as one of many priciest pockets within the nation. Earlier this 12 months, Oakley founder James Jannard bought his house there for $210 million — the priciest house sale in California historical past.

Throughout that point, because the ultra-wealthy cram greater and larger houses into Malibu’s rugged mountains and alongside coveted seashores, the group has change into the centerpiece of a debate over improvement vs. preservation and the federal government’s position in sustaining California’s pure magnificence.

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Tags: accusedBillionairelawsuitMalibusandstealing
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