June 26, 2009
Will SWL 337 Or SWL 351 Meet The Same Fate As Transbay Block 8?
"With many developers predicting that highrise development of any sort won’t work economically [in San Francisco] for another five years, public agencies are struggling with a development model in which private builders pay for the right to develop valuable land and, in the process, bankroll public benefits like parks, roads and affordable housing."
∙ Real estate slump threatens projects [San Francisco Business Times]
∙ Transbay Block 8: No Deal Or Development In 2009 [SocketSite]
∙ San Francisco SWL 337 Proposal: Downsized And Drawn Out [SockeSite]
∙ Cosmic Development Karma For San Francisco's Seawall Lot 351? [SocketSite]
First Published: June 26, 2009 5:45 AM
Comments from "Plugged In" Readers
"bankroll public benefits like parks, roads and affordable housing"
How about reducing spending in other areas?
Posted by: Usually Named at June 26, 2009 7:04 AM
In other words, public agencies just figured out that when you depend on other people's money, pretty soon you run out of other people (credit T. Sowell, I think).
Posted by: anon at June 26, 2009 7:16 AM
Read this and tell me again why anybody would even think of starting a large commercial real estate project in the city right now....
Posted by: jeff at July 2, 2009 3:05 AM