Posted Nov 18, 2015, 3:59 PM
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Only Mostly Dead
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Join Date: Apr 2007
Location: Marin
Posts: 5,234
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The Board approved this last night. The story from SFGate:
Quote:
The Board of Supervisors on Tuesday night approved the sprawling 5M project at Fifth and Mission, a $1 billion development that could become a South of Market game-changer as formative as the creation of Yerba Buena Gardens or Moscone Center.
For several hours, opponents of the project paraded to the lectern to plead with the supervisors to uphold an appeal of the environmental impact report on the development, which they argued would send land prices skyrocketing, prompt landlords to jack up rents, and squeeze out the working-class and elderly Filipino residents who have managed to hang on over the last 15 years amid waves of South of Market gentrification.
But in the end, the supervisors concluded that the project’s benefits — 40 percent low-income and middle class housing, open space, and money for local institutions like the Bessie Carmichael School and the Gene Friend Recreation Center — outweighed any gentrifying effects the development will have on the area.
The votes to affirm the project were 8-3, with Supervisors John Avalos, Eric Mar and David Campos voting against it.
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Kim, who faced criticism from Filipino nonprofit groups in her district that typically support her, ticked off a long list of community benefits from the project, including $800,000 going the establishment of a Filipino Cultural Heritage District, $1.5 million for the Gene Friend Rec Center and $1 million for Victoria Manalo Draves Park.
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That last bit is in addition to funding the senior housing, Eddie and Taylor housing and other subsidized housing mentioned before. This seems like a real windfall for the city.
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