Monaco Billionaire Patrice Pastor Threatens to Abandon Carmel-by-the-Sea Investments Amid Development Stalemate
Monaco Billionaire Patrice Pastor Threatens to Abandon Carmel-by-the-Sea Investments Amid Development Stalemate Monaco billionaire Patrice Pastor, who has invested over $100 million in Carmel-by-the-Sea properties, has declared his intention to abandon the quaint California coastal town, citing years of frustrating development delays and what he calls a “strange community.” His decision comes after the City Council recently (August 4) delayed action on his latest project, the JB Pastor development, which he has been trying to get approved for six years….