Plan to charge new building fees close to reality
From today’s Examiner, “A proposal to charge $11 million in fees to developers in Visitacion Valley and use the money to fund neighborhood improvements moved a step closer to approval Wednesday. Supervisor Sophie Maxwell gained approval at the Land Use Committee meeting Wednesday for her $4.58-per-square-foot proposal covering thousands of new units planned at Executive Park and the old Schlage Lock site. Similar to this summer’s fees for much pricier Rincon Hill projects downtown, the Visitacion Valley plan would fund not only improvements in the immediate area but in the surrounding neighborhood as well.”
As we learned when Chris Daly milked the Rincon Hill developers for extra fees, this cost is passed directly back to the home buyer, raising the price of housing even further.
One cannot argue the need for neighborhood improvements, but Daly has set a dangerous precedent which will only serve to make housing less affordable for his constituents.
as much as i think housing is a huge need in this area (i was born and raised here), traffic will be absolutely crazy. i know that yes it is a good thing, but there’s a whole undercurrent that needs to be addressed…that this working class neighborhood will become priced out and we’ll become surrounded by tract homes. or maybe i’m just being pessimistic.
Voodoo Child at October 28th, 2005 at 5:31 am ( )