It was a busy week for the San Francisco Board of Supervisors as the Eastern Neighborhoods plan was unanimously approved as lending, new development and sales across the City continue to slow down.
The financial plan for Lennar to develop Candlestick Point was approved 10-1 (with only Supervisor Daly opposing).
And the knife was turned on the Mayor’s proposal to retrofit Mirant’s Potrero Hill power plant, but with no clear alternative in sight.
∙ Eastern Neighborhoods Plan, It’s Not Just For Policy Wonks Anymore [SocketSite]
∙ JustQuotes: The Redevelopment Of Hunters/Candlestick Point [SocketSite]
∙ JustQuotes: Potrero Hill Power Plant Plan Paused (For A Week) [SocketSite]
∙ Land Use Supes Oppose Mirant Retrofit, Lennar Seeks Higher IRR [SocketSite]
∙ Supes OK plan for thousands of new homes [SFGate]
∙ Candlestick Point project’s $2 billion funding plan approved [Examiner]
∙ S.F. supervisors kill mayor’s power plant plan [SFGate]
Comments from Plugged-In Readers
Anybody heard how the credit crunch is going to affect the development of Hunter’s Point? Or Transbay for that matter? I know Mission Bay is hitting road blocks (despite having credit tenants ready to sign huge leases) because construction lending has all but stopped. Just curious if these other massive projects are about to hit the wall…
Is there any detail posted anywhere on mass-transit proposals for the Candlestick/Hunters Point redevelopment?
mass transit? The bus
Note that ~50 housing developments were put on hold while the Eastern Neighborhood plan was being debated. Now that it’s finally been approved, the credit crunch probably means very few of those will be built any time soon – if ever! Net result: less housing in a city that desperately needs more. Great going….
One could be cynical enough to believe that this was delayed so that all the market-rate buyers and renters would NOT get to live in SF, thereby tilting the common-sense factor against the ultra-liberals.
Of course, they would never do anything to prevent housing from being built!
Mass transit: A few of these units are within walking distance of the Third St. lightrail which will eventually turn into the Cental Subway. And there are enough units to justify running a dedicated shuttle between the development and Third St.
A city that desperately needs more housing: If you do not mind riding BART, there is a lot of housing available in Oakland, where there is less fog in the summer, and in my experience, people are friendlier.
The time to put the 3rd Street rail underground was before the neighborhood filled up.
Of course, no one could see that area developing or anything…
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