Peebles History

Peebles Corp Delinquent on 2008 Property Taxes

Update: As of July 1, 2009, Peebles Corp. has defaulted on its 2008 property taxes. A search for one of the quarry parcels now includes the the notation:

Shifting Stories (Again)

One of the constants in the Peebles Corp's ownership of the Quarry property is the way the company's public statements constantly change. Another example of this recently appeared in the news.

A June 17, 2009 article by Julia Scott titled "Economy making it difficult to sell Pacifica quarry", quotes Peebles Corp Vice President Daniel Grimm:

Peebles Folds

According to a recent San Mateo Times article (or this article from the San Francisco Business Times), the Peebles Corporation has put the Quarry property up for sale. This wasn't very surprising, since according to R. Donahue Peebles' book The Peebles Principles, the company's loan is due:

Quotes from "Peebles Principles"

Pacifica Riptide posted some choice quotes from "The Peebles Principles", R. Donahue Peebles' recently-published book.

Peebles' Private Party

Pacifica Riptide, the hot place to get information about activities in Pacifica, has a story about an invitation-only event with representatives of Peebles Corp to provide a progress update on the Quarry development project.

Peebles' Financial Fantasy

You've seen the signs and TV ads that promise $17 million in new tax revenue for Pacifica. It's always been a case of "If it seems too good to be true...," but until recently it wasn't possible to analyze where that number came from and see how believable it is. Now that Peebles has finally released an economic analysis, we can see that this number is 100% fantasy.

Long history of litigation

In Pacificans for Sustainable Development's public No on L statement we said that "Measure L makes our city vulnerable to this developer's lawsuits." History tends to repeat itself if people are not informed. Now Pacificans are doing their own research, resulting in many concerned references to his litigious history in articles and letters to the editor.

Peebles hires D.C firm to knock on doors in Pacifica

The Peebles-funded Measure L campaign has been hiring paid canvassers from out-of-town to go door-to-door in Pacifica. The canvassers were hired and organized by FieldWorks of Washington, D.C., through their San Francisco office. The Peebles-funded campaign is apparently paying FieldWorks $103,455.39 to knock on doors in Pacifica.

Peebles spends $1,310,384 to buy Measure L election

The current total spending by the Peebles-funded "Yes on L" campaign through 10/21/06 is $1,310,384.78 according to the campaign's official election filing report (warning: large 3MB Adobe Acrobat PDF file).

"I found a loophole"... and got it rezoned

Peebles made a small fortune on the Bath Club, by exploiting a loophole that let him get the property rezoned.

"The owners were asking for $25 million to $30 million, but no one was willing to pay because it wasn't going to make money unless it got rezoned -- the building couldn't be taller than 40 feet. The rezoning would take two years. I found a loophole that would allow us to go up to 200 feet in height and offered $10 million, contingent on the rezoning.
...
After the Bath Club got rezoned, a brokerage firm offered me $42 million for the property."

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