Because San Jose has lots of housing and few jobs unlike more northern Santa Clara/Mateo County suburbs which are HQ to Apple, Google, Facebook, its finances are highly precarious. https://www.spur.org/sites/default/files/publications_pdfs/SPUR_Back_in_the_Black.pdf …
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Wow. It's state Redevelopment(!) land that needs to be sold this month?!? Doesn't seem the city has much choice but to approve the deal. GOOGL gets land (21 acres!!) at a key transit hub (Georgist's eyes are bulging) with tremendous up-zone value. Shareholders must be very happy.
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The development will also include housing. Lots of development happening in the area already. The only thing that could make this better for the city would be to do a land lease instead of selling
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It’s not *just* that. Dense(er) housing is finally being built on San Carlos that should have been there 30 years— it’s ridiculous that the area just west of DTSJ was used car lots and light industrial.
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The bigger issue is what happens to East San Jose if Google puts its office near Diridon and BART makes it to DTSJ. It gentrifies faster than East Palo Alto is now.
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...and all without
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does this suggest there will be a “Sidewalk San Jose”? (As in like Sidewalk Labs’ Toronto project) https://theintercept.com/2018/11/13/google-quayside-toronto-smart-city/ …
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Not necessarily. I think Sidewalk Labs is a different Alphabet org, and Google just plans to use San Jose for more office space.
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Good factory owners in Victorian England provided subsidised housing. Perhaps it is time for it to be part of compensation packages.
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