Romney plans to flatten his Calif. beachfront mansion, rebuild at four times the size
Boston Business Journal - by Galen Moore
Date: Monday, August 22, 2011, 9:01am EDT - Last Modified: Monday, August 22, 2011, 10:11am EDT
Even as he angles to occupy the 55,000-square-foot White House, former Massachusetts Gov. Mitt Romney has his eye on quadrupling the size of his Southern California mansion, according to a report.
Citing a permit application, the website Sign On San Diego reports that Romney, who made his fortune as a private equity investor and co-founder of Boston’s Bain Capital , plans to raze a 3,009-square-foot beachfront home he owns in La Jolla, Calif., and build a new home on the property at roughly four times the size.
Romney purchased the single-story home at 311 Dunemere Dr. in May 2008 for $12 million, according to the real estate information site Redfin.com. Plans filed with the city of San Diego call for a two-story, 11,062-square-foot structure, according to the Sign On San Diego report.
While I do not begrudge Mr. Romney being super-rich, something he did via the investment banking game - where we all know about its impact on present economic affairs.
That segment of the economy almost deliberately brought on the nation's present depression at the tail end of the Bush lame-duck presidency's last year. While we need not begrudge Romney being super-wealthy, where is any sense or wisdom, if many of the rest of us are thinking to put this person at the head of government, i.e., at the head of setting tax policy when he and his party have the history of fostering and leading us into the extreme and extremely harmful income and wealth disparity situation all the rest of us currently face? It makes no sense.
Let Romney live in luxury in his expanded Southern California waterfront mansion. The rest of us need something better, fairer, and more mainstream-American in the White House.