Monaco billionaire Patrice Pastor, who’s poured over $100 million into Carmel properties, says he’s done with the town after years of delays and pushback on his major projects. The latest city council decision stalled his long-awaited Ulrika Plaza development, leaving a massive hole—literally—in the middle of town. Locals are split: some blame city politics for driving away someone who’s restored historic buildings, while others worry about the impact of new development. With Pastor ready to walk away, what does this mean for Carmel’s future and the fate of “The Pit”? #Business #CarmelByTheSea #LocalNews