Los Angeles Lovers of Gladstone’s restaurant on Pacific Coast Highway in Pacific Palisades probably still have another couple years to enjoy the seafood spot.
Some worried that the restaurant, opened in 1972, would close after the operator’s latest concessions agreement with the county ended last month.
Los Angeles County Supervisor Sheila Kuehl, who represents area, has said that the building is deteriorating and needs to be renovated.
But the Board of Supervisors approved last week a motion introduced by Kuehl which asked the Department of Beaches and Harbors to negotiate a 2-to-5-year agreement with current operator Sea View Restaurants Inc. to keep the restaurant open while it finds a new long-term concessionaire to operate the redeveloped site.
Kuehl noted in her motion that it would probably take a few years to negotiate a new lease and get all the necessary entitlement and permits for the redevelopment.
“In the interim, it is in the county’s best interest for a restaurant to remain in operation at this site rather than allowing the property to become vacant and, thereby, susceptible to vagrancy, graffiti, deterioration and blight,” the motion said.
Because a new operator would have to spend money getting the restaurant up to date with regulations, it made the most sense to keep Sea View as the operator, said Michael Rodriguez, Chief Property Manager for the Department of Beaches and Harbors.
Sea View Restaurants Inc., a subsidiary of Pacific Palisades’ California Beach Restaurants Inc., saw gross receipts decline to about $7.8 million for fiscal 2015-2016 from $9.4 million in 2012-2013, according to the county’s request for proposals.
The county reduced the annual rent to around $1.5 million from almost $1.8 million over that period.