July 11, 2012
The Godfather Of Oracle Has Set His Sights On The Marina
According to a plugged-in source, Larry Ellison's "people" have put out feelers to a few San Francisco realtors, seeking a short-list of San Francisco homes down in the Marina which aren't on the market but for which their owners might be willing to accept an offer they can’t refuse, much like the Bebo founders’ acquisition of 37 Raycliff Terrace back in 2008.
∙ The SocketSite Scoop On 37 Raycliff Terrace (A.K.A. 2799 Broadway) [SocketSite]
∙ Amended America's Cup Host Agreement Approved [SocketSite]
First Published: July 11, 2012 10:00 AM
Comments from "Plugged In" Readers
Larry should just use Airbnb.
Posted by: eddy at July 11, 2012 10:10 AM
There you have it. San Francisco: the City where billionaires "kick" the millionaires out.
Posted by: lol at July 11, 2012 10:37 AM
This way he can sail doorstep to doorstep to/from his Hawaiian Island.
Posted by: bossmillion at July 11, 2012 11:18 AM
His house on Broadway is literally 12 blocks from the Marina.
But it's high up. Perhaps he would rather have orchestra than balcony seats.
Posted by: jlasf at July 11, 2012 11:56 AM
Do people think this event will be a boon to the city?
I don't understand why Ellison isn't footing the entire bill for this -- clearly he's got much more money than he knows how to spend.
Posted by: Joshua at July 11, 2012 12:49 PM
It will just be that much closer for chasing tail late night at the Horseshoe.
Posted by: soccermom at July 11, 2012 3:56 PM
"Hi, I'm Larry. Would you like to watch the yacht race from my yacht?"
"How about from my house sitting just across the street from my yacht?"
"What if I paid you?"
Posted by: Stucco_Sux at July 11, 2012 8:34 PM
Joshua, whether or not this event will be an economic "boon" to the city remains to be seen.
Has anyone seen any mention that the city has hired an economist or consultant to do the data collection and analysis to determine, after the fact, whether or not more tourism dollars were spent over and above the normal level during the 34th America’s Cup? I certainly haven't.
Posted by: Brahma (incensed renter) at July 12, 2012 10:22 AM
From The Chronicle's City Insider blog, French sailing team says ‘Au revoir’ to America’s Cup:
A French sailing team announced Tuesday it is dropping out of the America’s Cup, citing economic difficulties.As of April, that left nine teams.
…Mayor Ed Lee downplayed the potential that the French team withdrawal would have a major impact on the economic benefits of the Cup. A 2010 city-commissioned study by Beacon Economics and the Bay Area Council Economic Institute said the event would generate about $1.4 billion in economic activity in San Francisco and almost 9,000 jobs. The report also assumed 15 teams would participate.
A separate analysis that year by the Board of Supervisors’ budget analyst projected economic benefit from the races ranging from $947 million to $1.6 billion.
Haven't seen either study, so I don't know whether or not Beacon Economics or the Board of Supervisors’ budget analyst accounted for increased taxes from real estate being turned over in The Marina or not.
Posted by: Brahma (incensed renter) at July 12, 2012 1:47 PM