noun: sunk-cost fallacy
the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.
“the sunk-cost fallacy creeps into a lot of major financial decisions”
After the deliberating @konstantineinca had a few words for the developer….I wonder if he took notes.
It’s very clear to everyone involved that this condo project is a bad idea. The project plans simply do not work at this project site. Burbank City council agrees with the communities concerns even suggesting to the developer to rethink his investment…
Good advice @konstantineinca 🫡👏
#savetheranchocancelthecondos #burbank #griffithpark #conservation #losangeles #ilovetherancho #sb35
Thank you to Vice Mayor and acting Mayor @nikki_in_burbank for pointing out the retaliatory actions by the developer Butterfly Gardens LLC. The developer filled their 2nd SB35 Application 5 days before the Rancho would’ve have been protected By SB423. The 2nd application doubles in size and increases its density and scale of project. The project’s plans do not take in any consideration of the concerns brought forth by Burbanm City Council and the community’s concerns regarding safety, animal safety, how the area is a sensitive species habitat, wildlife corridor, and will affect access to Griffith Park. The developer did not include any remedies to make this project match its location and community. In contrast the developer increased the project’s size & density which multiplies all of the concerns brought forward.
#savetheranchocancelthecondos #burbank #griffithpark #conservation #losangeles #ilovetherancho
Thank you to Emily & Vivian for their Public comment at the 11.26.24 City Council meeting / Public Hearing.
Concerns about public safety for the residents, visitors, children and critters is a major concern of the community. This multi million dollar luxury condo development at 910 S. Mariposa is located on a one lane road that dead ends at our trails and Historic Mariposa Bridge is a huge safety risk. The specific location cannot support this development and will result in dangerous accidents. We are asking for SAFETY for our community.
#savetheranchocancelthecondos #horses #burbank #equestrian #griffithpark #losangelescowboy #conservation #ilovetherancho
Thank you @avocadoheightsvaqueros @brown4bassett for inviting us to unite for the La Puente Christmas Parade. It was an empowering night uniting our Ranchos and also seeing a beautiful display of equestrian community being celebrated reaching the community. Multigenerational riders, and friends taking to the streets to come together 50+ riders!. Seeing the crowd and children’s faces light up to see the horses was unforgettable. All styles of riding is a beautiful celebration of connection with these manificent animals, grateful to team up and help celebrate our common culture and help raise awareness that we must protect this rich history of people, the land and the animals ♥️🤝🐴 thank you Sam! Let’s Save The Ranchos and cancel reckless development!
This morning at Los Angeles Rec and Parks meeting discussing LAEC and safe and accessible public equestrian use.
*note captions have typos instagram sucks at times.
RAP decided to table board increase requesting more information about the over budget and revenue streams of LAEC
However they approved ASM global to manage public area that we all like to use “Easter field”, even though the public commented that we do not want that.
Great display from our community to take time away from work to again hit another meeting and voice our concerns!
#savetheranchocancelthecondos #burbank #losangeles #griffithparktrails #griffthpark #parksandrec #protectopenspace
Oakley is asking for you to speak for him! Send in your emails, call and go to the city council meeting because Oakley can’t he’s too big and doesn’t do well with developers 🤣
Thank you to Senator Anthony @portantino for speaking to council during the 7.25.23 public hearing for the 1st SB35 Application for 910 S Mariposa
Why did the council ignore Senator Portantino’s suggestion to seek outside council to review the communities concerns? They didn’t have to approve that night.
This is what we face tomorrow, but we are hoping they take the time to read every document we send to their emails, present during the council meeting, and listen to us the people they represent.
#burbank #citycouncil #savetheranchocancelthecondos #ilovetherancho
PART 2
During two city council meetings, over a year apart; Burbank residents bring up safety concerns regarding a fence along a trail on valley heart and Mariposa. This trail is in close proximity (50ft) to the construction site of a proposed SB35 Condo project. Residents and equestrians in the city are raising concerns that with construction of a 5 story 40 unit condo development on a one lane road and cul-de-sac, this would create a huge safety concern because of riders and walkers using the trail. With increased noise and construction activity, residents are scared someone will fall through the fence a 20ft+ drop into the LA river. Still today over a year later the city has not given a clear answer as to who is responsible for this fence, nor a plan of action to make sure its residents are safe. #burbank #votenickschultz #savetheranchocancelthecondos #safetyfirst #equestriandistrict #horses #community #ilovetherancho
PART 1
During two city council meetings, over a year apart; Burbank residents bring up safety concerns regarding a fence along a trail on valley heart and Mariposa. This trail is in close proximity (50ft) to the construction site of a proposed SB35 Condo project. Residents and equestrians in the city are raising concerns that with construction of a 5 story 40 unit condo development on a one lane road and cul-de-sac, this would create a huge safety concern because of riders and walkers using the trail. With increased noise and construction activity, residents are scared someone will fall through the fence a 20ft+ drop into the LA river. Still today over a year later the city has not given a clear answer as to who is responsible for this fence, nor a plan of action to make sure its residents are safe. #burbank #votenickschultz #savetheranchocancelthecondos #safetyfirst #equestriandistrict #horses #community #ilovetherancho
Proud of our community for showing up and speaking our concerns!
Make sure to show up next Tuesday 11/26 for the public hearing regarding the condo development at 910 south Mariposa
Repost @etandoesla ! Watch this awesome video from Etan giving a brief history of the Mariposa Bridge and its importance to the community.
National Register visit 230: Mariposa Street Bridge 📍Corner of Mariposa Street & Valley Heart Drive, Burbank
@valleyrelicsmuseum @sanfernandovalley @folarorg @kemcgee30 @dougweiskopf @myvalleypass @savehorseland @jennas4 @hollywoodexhumed @nationalregisternps @thelaec @burbankca @friendsofgriffithpark @theburbankchamber @studiohorserental @savetheranchocancelthecondos @burbankhistory
#savetheranchocancelthecondos #griffithpark #conservation #horses #equestrian #savetherancho #losangelescowboy #burbank #historicplaces #lariver #protectanimalhabitats #animals #protectnature #savelaopenspace
This land has always had horses on it. Griffith Park was a gift to the people of LA so that they could find peace being outside in nature.
🛑 Now greedy developers are trying to develop a small on acre lot feet away from our trails. In the heart of the most important intersection in the equestrian trail system.
🛑 @burbankca failed the community by not properly looking at the SB35 application and approving the application submitted ignoring errors and green lighting the developer.
🛑 A 501 (c) 3 - non profit group “Friends of The Equestrian Bridge” has sued the city to bring light to the errors in the application.
🛑 We need all the help we can get - check out our website Cancelthecondos.com for more info and updates. Please share with horse people and people who care about protecting the environment.
🛑🐴🖤
#savetherancho #savetheranchocancelthecondos #burbankcalifornia #burbank #losangeles #parksandrec #losangelesriver #horses #concretecowboys #griffithpark #griffithparktrails #losangelesec #equestrian #equestriancommunity #horselover #saveopenspace #earth #protectnature #savetheplanet #mentalhealth #animalovers #conservation #outdooreducation #losangelesequestriancenter #hunterjumpers #dressage #trailriding #cowboy #losangelescowboy
