People call it 'The Pit.' It's a massive, unsightly hole in the ground — the site of a construction project in downtown Carmel-by-the-Sea whose previous owners ran out of money six years ago, leaving behind nothing but concrete, rebar and hard feelings. In 2020, The Pit was purchased by Patrice Pastor, a billionaire real estate developer from the tiny European nation of Monaco, for $9 million.
' Before the council approved the tax break this spring, city officials tried to persuade Pastor to give public tours of the house and to make direct payments to local schools — requests not made of applicants for other properties. Pastor refused. Via Zoom, Pastor told the council he would 'maintain this wonderful house in perfect condition, even if only to continue to bother those jealous people who will never have access to it.
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Source: latimes - 🏆 11. / 82 Read more »