Cain International and OKO Group got the green light from the Beverly Hills City Council in the wee hours of Wednesday morning to designate a Community Facilities District that could allow One Beverly Hills to receive up to $550 million twice the city's annual operating budget in bond financing. The council would still have to approve future bond issuance within the specific area, which the developers of the mixed-use project expect to seek closer to the project's 2028 completion. It's a good deal for One Beverly Hills, Vice Mayor John A. Mirisch, who voted against the project in 2021, said at the meeting, which started at 7 p.m. on Tuesday. He added, Now I do feel very comfortable that this is a good deal for the city.