Quote:
Originally Posted by peanut gallery
But there is also a lot of proposed space in the queue as well. I'm just not sure what has already been approved and what the current Prop M balance is.
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You can see the current
Prop M balance here (PDF). During the worst of the Great Recession, the balance ballooned up to 5.2 million square feet in the "bank", and as projects were dusted off, a record 3.6 million square feet of projects were approved during the 2012-13 approval period.
Right now, the balance is about 2.5 million sq. ft. with another 875,000 added to the pot each October 17th. So, there's enough room to approve Park Tower and 50 First Street (about 1.7 million square feet combined) this year. Then it's up to 5M, Mission Rock, and Pier 70 to fight for allocations in future years.