The Real Deal Miami

Billionaire’s driveway flap

June 20, 2008 12:04PM

Billionaire Palm Beach residents David and Julie Koch will get their new driveway at 150 Ocean Drive, despite the objections of their not quite so wealthy neighbor. The Landmarks Preservation Commission approved a plan for a new driveway on the Clarke Ave. side of the property over the objections of neighbor E. Burke Ross Jr., who claimed that the addition would trigger unacceptable traffic congestion and affect property values. Koch is co-owner and executive vice president of Koch Industries, the largest private company in the United States; he has an estimated net worth of $17 billion.