Loading...
HomeMy WebLinkAboutSS2 - Short Term Rental - PowerPointENING 84 ECONOMIC IMPACT IN THE R-1 ZONES All_ _ -.ism 006— low atot �.'�. a�' �, � � --� `� ��_. � 'r 7 . �'. < ��ygw�.s�i`ta"' � � +meg. � _� �t - -�{-`ter � �`' r +�� �a-•; ��'.•7Y'Ar�J,`Y �'.. � t nw pit ..�'orT Vivo w P oz, -- SHORT TERM LODGING PERMIT i TS ➢R-1 ZONING RESTRICTION ➢DISCRIMINATION ➢SHORT TERM LODGING HISTORY ➢ECONOMIC IMPACT ➢PENINSULA DEMOGRAPHIC ➢COMMUNITY IMPACT Created by Burr White Realty & Newport Beach Vacation Properties (2006-2016) ORDINANCE #2004-6 DINANCE PASSED DUE TO E'*)GUIDED CLASSIFICATION OF GROUP HOMES AS TRANSIENT OCCUPANCY N - N RANDFATHERED VERSUS RANDFATHERED RESTRICTION • ' i I ..tea MW W e i`�.'T°� r IVA 41 !�, + { L .sr�liil -s- -r - MW W e i`�.'T°� r IVA 41 !�, + { L .sr�liil •mcle sm ME no re GRANDFATHERED R-1 STLPAS OF 2007 143 TOTAL (17%) NOW LESS THAN 10% [of I Ullw AK P� • 'Tqu .�T ' - •,• _ - _ cam ' AN -. s ror s 1 . - r - +d �e5 Ari" 11 Now fi z �E 9 n iiL IN a A k a I VV -�_ bill 'IMF 4 IV *40 -ILYl OL al n - 40 "IIIIIII it ilk y;Yv ok Aft Y A �Who QF 3. l■N 41 41 ow 40 - IV y Y ti 1. )WL t I -lit Is S i ! i 1p It "M lb mp+4 ■ i1 i • 7 0 S A LOOK AT PROPERTY RIGHTS ma 'x od�kop' ar 7 T 4-d '07ti -"4#f4i OVIINpsi I: --- r SOX law lw MF* ?.' . I -OF _44 ap 0 AP pr Vw_ if Awl —Iff _MKI 4 O -A Ar Ott, 3� 1p F A r pip it BALBOA ISLAND EXEMPTION (ZONING BI - Formerly R 1.5) I • "--% ,-% T COASTAL COMMISSION WANTS PUBLIC ACCESS 6A p 0 it p 0 NEW RULINGS VAUATiON RENTALS ARE VISITOR SERVICE FACILITIES 6 w4l HISTORY Unrestricted Permitted Access Restricted CONSEQUENCES NEGATIVELY AFFECTS A PROPERTIES RESALE w VALUE { EN I %%Wl Awl MANY BALBOA PENINSULA SECOND HOMES SIT EMPTY BECAUSE THEY CANNOT GET A PERMIT ��rwAl IMPERFECT RECORDS i . r -o_ LOST REVENUE FOR BOTH CITY AND PROPERTY OWNERS #0 CITY LOSING t REVENUE AND CODE PMPC)Pr.PKAPMT BURDEN 7 Is�y ,--�r•�, �'�' ��. ate. �lY^ '�� � •'�+ �. , r y' Is�y ,--�r•�, �'�' ��. ate. �lY^ '�� � •'�+ �. , REPEAL 2004-6 INCREASED REVENUE OFF mpmmp� iA d A mIF dMo - Not enlg 7mm- ...7 ARM IP& - 4 do P _dofes,• - OR ip r • .� rr ,,a a P T a. f a w 4 Ln f ._ rk + � • it J Iy P FP •` ;cam •..—` ��an - —_ _ a TL Q� 95ft dr, �a ,'Y. .. LOST REVENUE PROJECTIONS/ urir./Al L- -6i NNW = CKJ a POSITIVE ECONOMIC IMPACT �6-+ +--A 1 a � T .ti i �_'. ia'•i r y.-EAs YEAR TOT Lost Revenue 2005 $23,400 2006 $56,700 2007 $92,400 2008 $130,500 2009 $171,000 2010 $213,900 2011 $259,200 2012 $306,900 2013 $357,000 2014 $409,500 $2,020,500 YEAR TOT Lost Revenue 2015 $464,400 2016 $521,700 2017 $581,400 2018 $643,500 2019 $708,000 2020 $774,900 2021 $802,200 2022 $829,900 2023 $858,000 2024 $886,500 $9,500,500 L. Newport Dunes Resort Newport Vacation Rentals Marriott Newport Villas Total Spending TOTAL RESERVATION BWR FROM 2013: $6,629,546 111 KleelgiolLID]1Lo 25% 7 5 % i��.!LlCm:f: $100,000 $500,000 1 San Francisco 2 San Diego (2013) 3 Los Angeles 4 Anaheim 5 Santa Monica 6 Beverly Hills 7 San Jose 8 Palm Springs 9 Carlsbad (2013) 10 Monterey 11 West Hollywood 12 Long Beach 13 Burlingame 14 Newport Beach 15 Santa Barbara 16 Oakland 17 Mammoth Lakes 18 Garden Grove 19 Coronado (2013) r TOT Tax 209, 961, 963 157, 000, 000 134, 796, 321 82, 604, 995 32, 747, 288 26, 594, 808 18,102,249 15, 797, 285 14,690,000 14,655,418 14, 089, 667 13,782,489 13,404,077 13,018,486 12,459,157 12, 394, 764 11,195,705 11,133, 777 10,437,000 Tax Rates 14.0% 10.5% 14.0% 15.0% 14.0% 14.0% 10.0% 13.5% 10.0% 10.0% 11.5% 12.0% 12.0% 10.0% 12.0% 14.0% 13.0% 14.5% 10.0% State of California Comptrollers Office August 2013 t ■ Summer Average Daily Rate Per Room $153133 031 $497.00 $1165.67 2007 2008 2009 Summer Average Daily Rate (Per Home) $506.00 $506.00 $509.00 $168.67 $168.67 $169.67 11 M 11 2010 2011 2012 $510.00 $170.00 2013 OF ILLEGAL STL 0 t POLICING LLEGAL STLP I l IMPACT The top 10 markets where traveler demand is on the rise, based on ayear-over-year analysis (Q2 2011 vs. Q2 2012) of inquiries from travelers looking to rent a vacation home, include: 1. Balboa Peninsula, Calif. (up 222°/o)6. Honolulu (up 115%)2. Reunion, Fla. (up 137%)7. Kissimmee, Fla. (up 114%)3. Aspen, Colo. (up 127%)8. New Orleans (up 114%)4. San Diego (up 124%)9. Vail, Colo. (up 111 %)5. Folly Field, S.C. (up 11 6%)1 0. Gulf Shores, Ala. (up 108%) Source: Homeaway + J Search when I move the map iiror t w r Min Price: $330 m wwl nst q i*' !i momFlltere XROOM TYPE xPRICE Av .? a Y 1 Willlem A Masan a ° 4iormaSt p+` 4� Regic;WPark Upper Newporl _ - o---•:-- a Un+ver`s+N mPR;. ' `' � `� s &a9 Nature we pQ Preserve �iaP�er! � rsr RegronaiPark ;c2 LPcAasan,�r Costa Mesa °e4 qn m FJ 8r t'� 4 far?r Fr �h $F son Ave a =' S � n FjRd � &nlracan9�n4r San oa9c � mis e 9 sTra� J Newrt T Fav on oa3rHwy 5°� Entirehomefapi _ rse�s' tanlaamhz Newport Beach, Newport Beach rmis.a r Hills + npr la lrr )l�. .,.. .`mill,�r i .i San JoayuinCba °e Brud � � Nuck G uI lY r►; Reserve - 'ri .0 s rt, p a �, ar Rew ('Alar 5t y} VPN'VU�\ Max Price $1000 89 Rentals • Newport Beach 0 Language and Currency '700 Entire homelapt Newport Beach, Newport Beach $ 544 a Enure hcmelapt Newport Beach, Newport Beach Per night Per night Ilk 1337 Per night Entire homefapi Newport Beach, Newport Beach N "425 Entire homelapt 5 346® Entire homelapt $ 430 Per night Newport Beach, Newport Beach Per night Newport Beach, Newport Beach Per night Hundreds of Properties Listed - Many Illegal Newport Beach, Orange County, California ArTwal Depart MI I I dont have dates yei lit i Sort by VRBO Sort . Price_ Any - Sleeps: Any - Bedrooms: Any Bookingtype: Edit - More filtersAdd+ 5494 avg/night View listing for price $243 avg,+night $330 avg/n6ght $279 avg/n6gl-ft $259 avg.rnight Newport Beach (898 rentals) Horne r USA r California a Orange County r Newport 'Beach Hide neighborhoods Fashion Island Mariners Balboa Island Castaways East Bluff Harbor View west Newport Balboa Peninsula Corona del Mar Other Newport Beach .Lido Isle Airport Area Belcourt Crystal Cove Properties Balboa Peninsula Point Beach Studio -Steps $165 r" Expand map U Search when 1 move j. to the Sand... avgMighi P sa�rrvcczsr M aP 3 night min slay -I nll r Ave 55 - 4431323 - Studio 1 BA Sleeps 2 49 Bogk"- a a Stunning, 18170 S.F. 4 BR/3 BA Ocean View $594 rair0, Condo avg/night Santa Ana r" a_ I 1772448 2-3 night min stay v 'nd1A`I°$� Neiylns _ Universkty r3 of GaliFarnia r Ifvrne 4 BR 3 BA Sleep s 10 3 eooknow Costa Mesa, a #, l Owner Operaled 'i! wd Rd ort h 4 Beautiful Bayfront with 4 Bedrooms & 5 $$20 } san ji aquin htni /FCIs I Bathrooms on Baltica Island av g g 3-7 night min stay 4 BR 5 BA Sleeps 10 Go --gle Map dma @291@ Google Terris of llee Repos* a map error 7& 3BR/3bath Luxury Horne Minutes to $300 Jaw Airport/Disney/Beaches/Shop ping/Uci n avg/^ fight 900 Hundred Properties Listed - Many Illegal Feedback x .-r INDUSTRY SIZE -y s ,144 ! a E V� Lab ry TO �p _Art wF— Vacation Rental Industry By the Numbers From the 2010 Radius Global Market Research survey: The vacation rental industry generated $85 billion in 2010 in the U.S. and Europe. From the 2012 Summer Vacation Rental Managers Association (VRMA) Owners report: Owners generate an average of $26,000 per year in rental income DEMOGRAPHIC PROFILE :BALboA 1935 C-,�.. r' CHANNEL ROAD m I All al OL t4� yyIPL% .6g 16 A m I All al OL t4� yyIPL% .6g 16 , MA 0 12 IMM 0' w 0 I UxU ry o1 i7eS Feat tired F WYE n' rr 1 � e W�m - padrLc Occan hn Urange Cajn'.Y -CaJfl0mi& 45 r ll �! v I �AMW milts south Los. A rigelcs, 90 rm Iv, math Of SAd 'Dime}'Land. New,pon E4=mtl i% the Pf icel d sfimtion for fammdy mmher,, x.10 cm-PY �r EK-li tie . � u'rr' h.i% a ty, we hnvr Nem iemh vwabom rC.ntalS on or nor the h ail ytU rgund. new . �l iiR a Ply' fr'l "X If '��� ��• 5 ° For ra" �� t °��G�d. � lUC e,�:,.gUr amd int of r � #Mall. Ywhl �u►� tip �ardwalk. You cam take gt 5LBAUS, ±�u Call r�at a �i��c�e. �f �fiof � �r����ri . you =jet �i. a hal m. Gxp,ure ?rt Harbor ear Imhoff the Balboa Or �,u al h our t aJ Buhu p�lr l� vvrL, r �!ke�d uti�� n C taj'na Wand. �` 1IelL-� ��t f PM Wolk F1 �fIR•, [ , Itolvit In ols �;�� lift '�� � �,. Villape havehaveis. If Yad ; 0 ihoppef 37 ham, FaShLon IFJ amd rhw L '. Inri r.a �1 bwadreds of shops arA, domm of MAMrarrts from which to choost. you Uabmt tD expuitAceciae 0 thr most unique drsti t.i ow 3 1x1}t Tn W—arni3 has to after, at Ii �r�r p1��2 r� � � you 16ng your v ortbeachluxuryrentals.com What's the differerCe bstw9erl areas .9 DAC 2% STLP R-1 98% All Others ts ic --=-1 -- - - - • - - ,--R 'F� tifit GROCERIES A 9w 0 r �, 'Oki Total City -Wide DACS 2006-2010 Total DACs: Summer (June 10 -Sept. 10) Total Peninsula DACs Total Summer DACs on Penin % of Peninsula DACs: Summer (615/1751) % of Summer DACs in City on Peninsula (015/1094) % of City DACs on Peninsula in Summer (615/3164) % of Total DACs 3164 1094 1751 615 ° .2° 19.4% STL'S BURDEN CITY SERVICES •) _ P �jIf w 4 9 —. � •�_� a feP� ! ` �.-L r -w4 E T i a 1 Irin D e � k4 �A P it x dP 7 r P 41 r y i {. NO PARKING W, a 4 4P 21 ILL L I ol SAN NMI" Annual Beach Visitors Annual Vacation Guests Vacation Guests in R-1 NEIGHBORHOOD COMPLAINTS AM HIGHEST POPULATION DENSITY in BALBOA PENINSULA . ,. -• 1z. a Ala 4. .. --a .J .i I� 1�� ' i� ' s° .may- ,L � � ' ° 7'F �s � • l�_•1� 7L� �a.d. � �`�` u �' u "' — �� -46 - .-- � 4 -y •+i .'R� ,. d� _ , , � _ erg -,_arra _ � • � - L' 17,155 12.291 Courtesy of First American Title Courtesy of First American Title OVERCROWDING Zk- i FA 4 I •. r � ° 4 � ' F Y � k _ *� .- y 1 - ,. ._ I - I `#� ,. ~reSw 9. , �P" P , ■ , .� , • .. . y e - ° x I :6 �P. MOST PROBLEMS ARE ^. - �--�e i ,. ,�i . _ s. w ��. .tea _� ._,. _ .1''g��� 1,•4i�:.�3_ �1 `�F r _-- FROM *`4� s . v ' R I DAILY BEACH GOERS r. + .h FROM INLAND AREAS Ll 1 , e � 1� I � • P � y� ti,� .. 1 1 �ry L e _ , f . e R . 1 . . r � a � it J ti �� "� ." _9.,' • � � . •Y� w l . 19�f --mom e + �a. � � � 4 � � �'` _ - A .'k �-y�._„!^�� a '� • i I _ _ , h ' 7 � -,.; a it x. � � i �r��� e - - '� ° F• ' r t - Ir• c . P R r l �, P VACATION GUESTS HAVE ASSIGNED PARKING & EACH UNIT HAS OCCUPANCY LIMITS 4 1 6. L U 9 L i j, 'L _s Y 4 y ti. it IL .r- L L So:: p ism, ...... . ON or i�I ARAMPRmpiffift 41 7q, lb NOISE ORDINANCE VIOLATIONS u r A MINIMAL STL SUMMER DAC'S DACS (2006') Peninsula/West Newport/Balboa Island' w/STEP (Active) w/STEP (Active) w/STEP (Active) Non -Summer Summer R-1 (Peninsula) R-1 w/STEP R-1 w/STEP (excluding 24 -27th streets) Total %Total 988 100% 609 62% 155 25%of Penni 123 20% 32 5% 79 13% 9 1 % Z O% shores, 5207 SS Information provided by City of Newport Beach Police Department 2004-6: SUMMARY &CONCLUSION 4 + h ' N---' kel w 9, ; N REVENUE z� F - low- 51 v BENEFICIAL IMPACT TO LOCAL BUSINESSES e 16 i.)L �u •° 4 ice`' ��, W REASE LOCAL )PERTY UES rpa. EQUALIZE PROPERTY RIGHTS 1 01 MAINTAIN POPULARITY/PERCEPTION OF CITY ASA VACATION DESTINATION CONTINUITY OF STL IN NEWPORT BEACH m A r II 6 � e N F } !Y Aa —SOL _ ®r A r II 6 � e N F } !Y Aa COMPLY WITH SPIRIT AND REGULATIONS OF CALIFORNIA STAL COMMISSI a wo 17 0 ism Y 3� ` •L 1 per. t' S6, 147 r _. ,.. � -.may �y •.'. - _._ _. __ �_- �C r " eh� r� f �_, e e v s � F'v i } f { • �,'.. ,`y` r �..�rf t to ?. �'.•�. r{�r� ? � � titin t 3r �tii � } `;.,. x ......--� `. :•.,, 'fir �t •�?"' ,-, { .'• � C-" .�c�c '�t'�: � `t• - •.., �•. ��.{f }o- r fr°f�' x{4.^ SSR{ �f c^^ � id+,, r� }, fi 'a i ° owl kid � • • �jr�?`-,�'•�'��,:. � ��{ ��� i "t}}i �aa� Ear 5�,�'$ � ��� Y 'r+r •' •: %3ba`� ,'�i f< }w'��.tit. 71, e e v s � F'v i } f { • �,'.. ,`y` r �..�rf t to ?. �'.•�. r{�r� ? � � titin t 3r �tii � } `;.,. x ......--� `. :•.,, 'fir �t •�?"' ,-, { .'• � C-" .�c�c '�t'�: � `t• - •.., �•. ��.{f }o- r fr°f�' x{4.^ SSR{ �f c^^ � id+,, r� }, fi 'a i ° owl kid