Richard Verstegan 5 a.m., March 12
Builders give $10K to Jerry Sanders 401(k) Campaign
The Building Industry Association of San Diego County PAC has made a big contribution to the effort by San Diego mayor Jerry Sanders, councilman Carl DeMaio, and the GOP Lincoln Club, among others, to qualify a ballot measure to replace traditional pensions for new city workers with a 401(k)-style plan.
On May 19, according to a semi-annual report filed with the California secretary of state, the PAC gave $10,000 to Comprehensive Pension Reform for San Diego. It also gave $5000 to the county Republican Party.
Major contributors to the PAC included Chelsea Investment Corp. of Carlsbad ($5020); Cornerstone Communities ($2533); LDN Consulting, Inc. of Fallbrook ($1050); and William Ostrem, president of Black Mountain Ranch LLC ($1000). Ryland Homes of Corona gave $550, as did San Diego's Picketfence Design.
Olivenhain's David Hammar, a civil engineer with Hunsaker & Associates, gave $890.
Some of the contributors to the PAC have had dealings with Sanders.
Chelsea is working on 92 taxpayer subsidized units in Barrio Logan's Mercado redevelopment project. In a recent Voice of San Diego write-up highlighting high costs of subsidized housing units, Chelsea CEO Jim Schmid blamed government requirements to pay union level wages for driving up expenses.
Cornerstone is currently planning nine condos at Front and Cedar downtown, according to a recent report in the Union-Tribune.
More like this:
- Restaurant lobby sets table for Faulconer — Feb. 6, 2014
- State's Cop Unions, Big Labor Jointly Funded San Diego Police PAC Attack Against DeMaio — Aug. 6, 2012
- McMillins Give Big to Local Politicos — Jan. 31, 2012
- Labor Spends Big Against DeMaio and Sanders 401(k) Measure — July 29, 2011
- Breaking Stories — March 30, 2006