Local News in Brief : Rent Hike Shuts 2 Shops
Two Malibu landmarks, faced with a more than 400% rent increase from a new concession manager, will soon depart from the Malibu Pier.
Malibu Sport Fishing and Alice’s Restaurant will be replaced by several smaller stores under a new state plan to bring more “family oriented” activities to the pier.
Owners of the two popular Malibu businesses have refused to pay the rent increases requested by the new concession manager, Century City attorney Joel Ladin, who says they are the fair market value. The pier was purchased by the state in 1980.
Ted Mills, manager of the sportfishing outlet, said he will sell his two boats and close the business by May 15. But Alice’s will stay in business, moving to a new complex at the corner of Sunset Boulevard and Pacific Coast Highway in October.
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