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Hermosa Short Term Rental lawsuit loss could be financial boon
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Hermosa Short Term Rental lawsuit loss could be financial boon
by Kevin Cody Hermosa Beach’s loss of a Short Term Rental (STR) lawsuit last week, Koerner v. Hermosa Beach, could, ironically, provide a financial windfall sufficient for the city to close its budget deficit. At the March 24 City Council meeting, just two days prior to the ruling, Hermosa Finance Manager Henry Chao told the City Council it faces a $548,007 budget shortfall this year. Resident Todd Koerner sued the city for fining him $2,500 fo…
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