There Will Be No Waldorf-Astoria For Beverly Hills
Voters in Beverly Hills not only had to vote for a President and on Prop. 8, but also on Measure H, which would allow two new condo-hotel towers and a Waldorf=Astoria Hotel to be built where the historic Beverly Hilton hotel currently resides.
Provisional and absentee ballots are not completely counted, but the town is ready to announce that the measure has been defeated by 68 votes, meaning no Waldorf=Astoria Collection or hotel towers will be built. That means the hoity-toity will probably end up staying at the about-to-open Montage Beverly Hills. Or if they are feeling adventurous, they can drive a little further in their Range Rovers to the just-opened SLS Hotel.
That's not to say nothing will happen on this site which is currently housing an abandoned Robinsons May department store. However, whatever the developers come back with will probably be something on a much, much smaller scale.
The real losers in this? The Beverly Hills Unified School District as most of the increased tax revenue from the development would have gone to the schoolkids. Maybe some of the richie rich in their McMansions can donate the money instead.