El Dorado rent control

I’ve been hit several times by supporters of “RENT CONTROL FOR EL DORADO” in front of Von’s and Super A. I’m wondering, with the city facing the significant cost of implementing “Measure I”, what other costs the taxpayers will suffer if the rent control initiative issue makes the ballot. I recall this issue was raised a few years ago and the park owner threatened to go condo if "rent control" was pursued.

What do you think the outcome will be?