Small beach town launches incredible fight against Monaco's 'octopus billionaire' who bought $100M worth of homes and 'threatened to destroy their way of life'
Residents of an idyllic California coastal town have banded together to fight off a Monaco billionaire's attempts to reshape their community. Patrice Pastor, dubbed the 'octopus billionaire' for his property acquisitions, has been buying up real estate in Carmel-by-the-Sea for nine years. But now, the town has had enough. The billionaire's grand plans for a 13,428-square-foot mixed-use development were unanimously shot down by the town's Planning Commission. Planning Commissioner Robert Delves accused Pastor of showing 'no respect for the neighbor behind you' with his massive building plans.
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