Beverly Hills makeover fact of fiction? The city has everything developers desire--wealthy residents, flush tourists and a manageable way of life. Those happen to be the very same factors keeping new projects out.(Real Estate Quarterly)

Los Angeles Business Journal | April 26, 2004| | Copyright

WHEN the gloves come off in the genteel world of Beverly Hills development, combatants often take to the pages of the local newspaper.

Nestled among the community announcements and ads for cold fur-storage in a recent edition of the weekly Beverly Hills Courier were several full-page ads arguing the merits and faults of a planned $200 million hotel and retail development.

That the project would add to the tax base is not part of the debate--nor really is it the most important factor for a city where the median annual household income exceeds $70,000.

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