After a previous project fell through, George Lucas shifted his focus to a new initiative: creating a housing community aimed at low-income residents, complete with subsidized housing and various amenities. However, he encountered significant pushback from local residents who suspected his motives were linked to a desire to diminish their property values. Lucas denied these claims, but ultimately, the project was shelved when his financial partners withdrew their support.
What does a billionaire do in such a situation? He decides to self-finance! Lucas has committed to covering the entire cost, which is expected to be between $150 million and $200 million. The development will feature 224 affordable housing units, including options specifically for seniors, alongside a community pool, a recreation center, and even an orchard. As he put it, “We’ve got enough millionaires here. What we need is some houses for regular working people.”
This time around, Lucas is unlikely to face any opposition. The land is already zoned for residential development, and he won’t depend on government grants, subsidies, or external financial assistance. The entire project rests on his shoulders.
It’s hard not to imagine the appeal of living on a property owned by Lucas; just think of the bragging rights for your children! With Lucas overseeing the design, one can only wonder if he’ll draw inspiration from his iconic films. Picture a residence fashioned after the Millennium Falcon or perhaps even the Galactic Senate! As long as he steers clear of the barren landscapes of Tatooine, it could be a remarkable living experience.
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In summary, George Lucas is taking a proactive approach to address the housing crisis by personally investing in a project designed to provide affordable housing options for working-class families. His vision includes comprehensive amenities and a commitment to community building, showcasing his dedication beyond his cinematic legacy.