So given that no one wants to add housing but everyone wants budget growth, the city’s books get balanced on displacement of the middle/working class & tech gets blamed even though property owners (who have capped taxes) & city workers need it to keep a $12B budget in the black.
-
Show this thread
-
That’s why you see crazy stuff like this. Another planning commissioner on the same commission, Dennis Richards, is very excited about a building that will bring 5,000 workers to SOMA. https://www.sfchronicle.com/business/article/SF-approves-massive-office-project-first-in-13952756.php …pic.twitter.com/OdWjDnLyoG
1 reply 0 retweets 8 likesShow this thread -
But supporting enough housing to go with the 5,000 jobs in that building? Or state laws that compel the city build more housing? Nah. https://sf.curbed.com/2019/3/19/18271688/palo-alto-sb50-yimby-nimby-housing-california-wiener …pic.twitter.com/vJfLh5DsJk
3 replies 2 retweets 21 likesShow this thread -
Replying to @kimmaicutler
Mostly SF wants to keep commercial tax money from leaking into the East Bay, so even with the kabuki, maximal amounts of office space will be developed.
1 reply 0 retweets 4 likes -
Replying to @woolie
It’s gonna go to the East Bay. It’s starting to happen w/ Square.
1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
Square is a 300,000sf commitment when Google and Facebook are signing millions go square feet in SF.
1 reply 0 retweets 2 likes -
Replying to @woolie
Yeah so SF will have Big Tech, just the way Palantir took over Palo Alto and crowded out startups.
1 reply 0 retweets 2 likes -
This Tweet is unavailable.
-
Replying to @cocovariant @kimmaicutler
It's about 30% cheaper, significant but ultimately office lease costs are not a make-or-break part of running a tech company.
3 replies 0 retweets 2 likes -
Replying to @woolie @cocovariant
You can’t attract senior leadership once the co scales bc they still live on the peninsula (but maybe a little more now in SF.)
1 reply 0 retweets 3 likes
It’s less about the lease costs and more about where talent lives.
-
-
Replying to @kimmaicutler @cocovariant
Agreed, as I am trying to figure out how to get to Palo Alto for an early morning meeting next week.
0 replies 0 retweets 3 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.