Did you know that if Los Angeles County were a nation, its economy would be the 18th largest in the world? It has a larger gross economic output than, Saudi Arabia, Switzerland, Thailand or Sweden. The County ranks 1st among U.S. counties for gross domestic product, with a larger economic output than all but five U.S. states (California, Texas, New York, Florida, Illinois).
Where does Marina del Rey fit in the big picture of Los Angeles County's total economy? Often referred to as the "Crown Jewel of L.A.", Marina del Rey is owned by Los Angeles County, which leases parcels of land on a long-term basis to leaseholders, known as lessees. The unincorporated area of Marina del Rey is 800 acres, half of which is water. And yet, the Marina is the largest contributor of revenue for Los Angeles County, next to property taxes. Think about that for a second. Marina del Rey is the second largest contributor of revenue for the 18th largest economy in the world.
The success of Marina del Rey is largely due to the public-private partnerships between the leaseholders in Marina del Rey and the County of Los Angeles. This collaboration has been the driving force of the development of the nation’s largest man-made marina, a thriving community for the residents and visitors who live, work, and recreate in L.A.'s Marina. I look forward to continuing the partnership and collaborative relationship between the Department of Beaches and Harbors, Marina del Rey Lessees Association, and the Los Angeles County Board of Supervisors.
I am honored to serve as the current President of the Marina del Rey Lessees Association. The Association was formed over 50 years ago by the original developers in the Marina to work with the County of Los Angeles to develop the parcels in the marina and navigate the business side of Marina del Rey. The Marina is a valuable asset to the County of Los Angeles and as a 33-year resident of the Marina I am excited to be a part of the Association, as we carry out our vision to be a responsible and productive steward for the benefit of current and future generations.
Board President, Marina del Rey Lessees Association
General Manager, Villa del Mar Apartments and Anchorages