Patrice Pastor, a billionaire from Monaco, has invested over $100 million in properties in Carmel. His relationship with the town has soured after recent city council decisions delayed a major construction project. In a candid statement, he expressed frustration, indicating a need to reassess his involvement in Carmel, feeling unwelcomed. His company, Esperanza Carmel, owns several notable properties in the area, including hotels and unique buildings. However, these delays have led him to contemplate departing from the community altogether.
"Following this latest City Council meeting it's clear that I need to reconsider my investment in Carmel. We are not treated the same as everyone else, I suppose we are now at the point where we need to accept we are not wanted and draw the necessary conclusions."
"It's time to leave this strange community, if you can call it a community."
"Among the more notable properties currently in his portfolio are the L'Auberge Carmel hotel, the Carmel Beach Hotel, the Eastwood Building, the Hog's Breath Building, the La Rambla Building and the Forge in the Forest."
"His comments were sparked by the delay of a planned rebuild over a giant hole in the ground on the corner of Fifth Avenue and Dolores Street."
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