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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Jun 2019
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      Kim-Mai Cutler Retweeted Working Partnerships

      Interesting that the estimated $235M in increased rents to tenants from bringing in 20K tech workers to San Jose is almost as much as the $339M/yr the city spends on unfunded pension liabilities for former employees who no longer work there. https://sanjosespotlight.com/san-jose-pension-plans-unfunded-liability-expected-to-soar/ …https://twitter.com/wpusanews/status/1138861019307040770 …

      Kim-Mai Cutler added,

      1:24
      Working Partnerships @wpusanews
      New research: the #SJGoogle mega-campus will cost renters $235 million a year – unless @Google creates the 5k affordable homes (and 12k market rate units) needed to prevent rent hikes and displacement. #GoogleRentHike #MadeByGoogle pic.twitter.com/U2EXyteNQl
      Show this thread
      3 replies 9 retweets 45 likes
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    2. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Jun 2019
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      Almost like the Bay Area is structurally incentivized to balance its books (between retirement obligations that were never transparently budgeted for in the 1st place & capped, inheritable property tax assessments) on the backs of tenants & young people🤔 https://www.eastbayexpress.com/oakland/oaklands-budget-battle-heats-up/Content?oid=26586639 …pic.twitter.com/4ux4gEoAXf

      3 replies 11 retweets 40 likes
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    3. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Jun 2019
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      Why did San Jose sell 10 acres of land to Google for a mega-campus? Because it's a mostly residential city and it loses money on land that contains housing and earns net tax revenue on land that contains office space. https://www.spur.org/sites/default/files/publications_pdfs/SPUR_Back_in_the_Black.pdf …pic.twitter.com/fPxfHBgCYQ

      3 replies 5 retweets 38 likes
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    4. Jeffrey Buchanan‏ @JRBinSV 14 Jun 2019
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      Replying to @kimmaicutler

      Well except SJ families will pay $127M/yr more in rent if Google builds insufficient housing, City estimates $25M added tax revenue from office (even less net tax, minus services Google uses, like $8M.) It doesn’t add up unless Google invests in housing and prevents displacement.

      1 reply 0 retweets 1 like
    5. Jeffrey Buchanan‏ @JRBinSV 14 Jun 2019
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      Replying to @JRBinSV @kimmaicutler

      If a $750B corporation offers a city $8M surplus rev annually in exchange for mostly lower income people in town paying $127M/yr more, in what economic reality does that seem like good policy much less just? Thankfully it’s avoidable if Google invests in fighting displacement.

      1 reply 0 retweets 1 like
    6. Kim-Mai Cutler‏Verified account @kimmaicutler 14 Jun 2019
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      Replying to @JRBinSV

      It's your prerogative and it makes sense as a labor organizer to pressure the company to philanthropically donate more, but I'm not aware of another industry where it's a legal obligation for a business to also build housing when they open an office in town.

      3 replies 0 retweets 2 likes
    7. Jeffrey Buchanan‏ @JRBinSV 14 Jun 2019
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      Replying to @kimmaicutler

      Also, report doesn't call for philanthropy, it’s value capture and mitigation. Read the report, policy and deal points we’re recommending for Google’s dev agreement /w City make sense, City Policy reccs aligns /w what Google has prepared to do elsewhere, ideas from other cities.

      1 reply 0 retweets 0 likes
    8. Jeffrey Buchanan‏ @JRBinSV 14 Jun 2019
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      Replying to @JRBinSV @kimmaicutler

      We’re not saying Google needs to build this all itself, just make a substantial investment towards these goals and support policy to address the rest.

      1 reply 0 retweets 0 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 14 Jun 2019
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      Replying to @JRBinSV

      I lean toward commercial linkage fees but I would need to see whether they work. 25% IZ (later lowered to ~18%) basically killed SF’s pipeline over the last 2 years and so not much is really getting through except for office/hotels.

      10:35 AM - 14 Jun 2019
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