• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

3

A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

3

A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
FinanceReal Estate

The comfort of 4,000 people in one of California’s wealthiest towns outweighs a rail project connecting San Diego to the country, some residents say

By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
February 14, 2024, 1:43 PM ET
California Highway 101
Highway 101 along the southern California coastline as it reaches the cliffs of the famous Torrey Pines reserve, in between Del Mar and La Jolla.Getty Images
Add Fortune on Google for similar content.

Del Mar is a small beach town on the southern California coast. It’s San Diego County’s smallest city with less than 4,000 people, but it’s affluent: The median household income of Del Mar is approximately $185,000, and the average home value is a whopping $3.6 million. And like many other wealthy neighborhoods, Del Mar’s residents care a bit too much about their property values. 

Recommended Video

Recently, officials from the San Diego Association of Governments announced there were developments in a two-decade-long project to take trains off the bluffs and onto a new route beneath residents’ homes, the San Diego Union Tribune reported. 

There is only one rail connection between San Diego, the rest of the state, and the entire country, and “the economy depends on this connection for both passenger and freight transport, but landslides, rapid erosion, and seismic activity have caused collapses along the Del Mar Bluffs,” the San Diego Association of Governments’ website reads. 

But, according to the San Diego Union Tribune, many residents are against the change. They’ve brought up all kinds of potential dangers and annoyances that could occur from the tunnels beneath their homes, from noise to toxic chemicals to vibrations to sinkholes—and of course, a hit to their property values. 

“The city is too small to lose houses to eminent domain at the tunnel openings,” a resident wrote in a letter to the City Council earlier this month, according to the San Diego Union Tribune. 

“Del Mar residents should not have to put up with the vibration and dangers of tunneling under their homes,” the resident said. “They should not have to worry about vibrations, toxic fumes and cargo, and potential tunnel failures.”

Claiming potential threats to the environment is a common NIMBY (not-in-my-backyard) tactic. The California Environmental Quality Act is one that’s been weaponized to block development on several occasions. The environmental movement came along with a shift in the mindset of American homeowners, that a home could be a financial asset rather than simply a place to live, analysts and economists previously told Fortune. 

In November of last year, one resident told San Diego’s local CBS station that they “know the train tracks have to come off the bluff…but tunneling under Camino Del Mar, that would disrupt business and wreck all the revenue and shut the city down.”

The same resident continued: “People have worked hard to be in this tiny neighborhood. They don’t want their homes demolished by eminent domain.”

Apart from their objections, residents are calling for a route that wouldn’t be underneath their homes; they’ve proposed trains running across fairgrounds and along a major freeway. While it’s among the routes under consideration, officials say it would be more expensive, according to the San Diego Tribune. 

Meanwhile, a Del Mar Councilmember, Dan Quirk, seemed to be the only member against the project, calling it “dead-on-arrival,” the outlet reported. Still, the San Diego Association of Governments’ interim chief executive, Coleen Clementson, said that “this project will happen,” and that the planning organization has a mandate from both the state and federal governments to get the tracks off the Del Mar Bluffs. In the summer of 2022, California governor Gavin Newsom even allocated $300 million of the state’s $308 billion budget to help move the train tracks.

An editorial from the Del Mar Times published a few years ago, titled “The need to move train tracks off Del Mar bluffs was clear decades ago. We’re still waiting,” mentioned a train that was derailed back in 1940 on New Year’s Eve. The locomotive and eight freight cars fell off the bluff, and three workers died. The rails separated because an excessive amount of water eroded the bluff. 

Based on a preliminary timeline, tracks aren’t even expected to be moved off the bluffs until 2035, and it’s not clear whether that accounts for the time it’ll take to get residents on board or bypass their opposition. Not to mention that the cost of the tunnel is estimated to be roughly $4 billion, according to the San Diego Tribune—another premise of residents’ contention.

About the Author
By Alena BotrosFormer staff writer
LinkedIn iconTwitter icon

Alena Botros is a former reporter at Fortune, where she primarily covered real estate.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Rising tempo of combat in battle for Hormuz threatens market’s confidence that the worst is over on Iran. ‘There’s a lot of complacency’
InvestingIran
Rising tempo of combat in battle for Hormuz threatens market’s confidence that the worst is over on Iran. ‘There’s a lot of complacency’
By Jason MaJuly 12, 2026
3 hours ago
Trump embraces Australian retirement system backed by Larry Fink
Personal FinanceRetirement
Trump embraces Australian retirement system backed by Larry Fink
By Brianna Sosa and BloombergJuly 12, 2026
5 hours ago
Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
BankingRussia
Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
By Jason MaJuly 12, 2026
6 hours ago
The ‘facade’ of the U.S.-Iran ceasefire crumbles after largest round of fighting in months — ‘an undeclared naval war can escalate’
Middle EastIran
The ‘facade’ of the U.S.-Iran ceasefire crumbles after largest round of fighting in months — ‘an undeclared naval war can escalate’
By Jason MaJuly 12, 2026
8 hours ago
Hormuz route open despite Iran declaration, maritime group says
EnergyIran
Hormuz route open despite Iran declaration, maritime group says
By Sara Gharaibeh and The Associated PressJuly 12, 2026
11 hours ago
Trinidad and Tobago signs deals with U.S. companies for data centers, despite history of chronic water shortages and intermittent supply
AIData centers
Trinidad and Tobago signs deals with U.S. companies for data centers, despite history of chronic water shortages and intermittent supply
By Anselm Gibbs and The Associated PressJuly 12, 2026
11 hours ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
14 hours ago
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Middle East
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
By Jason MaJuly 11, 2026
1 day ago
A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
Personal Finance
A Trump Account could make your kid a millionaire by 45—but financial experts say the app's projections come with a catch
By Sydney LakeJuly 12, 2026
15 hours ago
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
Big Tech
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezJuly 12, 2026
14 hours ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
2 days ago
Global oil demand is falling, and crude prices are down. But here's why gasoline, diesel and other refined products are still costly
Energy
Global oil demand is falling, and crude prices are down. But here's why gasoline, diesel and other refined products are still costly
By Cathy Bussewitz and The Associated PressJuly 11, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.