By The Editorial Board

Measure S, the Neighborhood Integrity Initiative, is by far the most consequential ballot measure facing Los Angeles city voters on March 7.

While it aims to quell conflicts of interest and pay-to-play politics, its good point are outweighed by its unintended consequences, hurting economic vitality and progress in L.A. It deserves a no vote.

Proponents say the city’s development has gotten out of hand, with the character of neighborhoods undermined by high-density development projects that defy current zoning, General Plan and height restrictions. The measure, championed by the AIDS Healthcare Foundation, will impose a two-year moratorium on construction projects that do not conform to the city’s General Plan. It also requires the city to review and update both the General Plan and the 35 community plans across the city on a routine basis, along with other minor changes.

There’s a lot to appreciate about Measure S. The city has failed to regularly review the city’s General Plan, and it is shameful that the majority of the city’s community plans haven’t been reviewed in at least 15 years.

But those problems can be fixed without forcing a moratorium on some development.

Beacon Economics, commissioned by opponents of the measure, produced a report estimating more than 12,000 jobs will be lost, as well as $1.9 billion in economic output, $70 million in city revenue and between 2,100 and 2,800 housing units annually.

These disruptions are why a broad coalition of opponents, including Mayor Eric Garcetti, the L.A. Area Chamber of Commerce and the L.A. County Republican and Democratic parties, have come out against Measure S.

Measure S has put long-needed pressure on city officials to take seriously their responsibility to review and update general and community plans. But we can and should do this without stifling economic activity, aggravating our housing shortage and costing jobs.

It would be refreshing if community leaders brought forth in the next election cycle a targeted fix that forces reviews and updates to city plans and institutes new rules for pay-to-play politics. That is something our entire community could and should get behind.

But in its current form, Measure S is bad for L.A. Vote no on Measure S.