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by timr
3946 days ago
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I didn't know that was how Trinity Towers was done, but that's been my suggestion for a while now: bulldoze the Mission and start over if you like, but every damned one of those people had better come back in on the same or better terms than what they had when they left -- and they'd better be housed in the meantime, too. Too often, the debate about development ignores those people, or makes great promises but fails to deliver. |
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He probably caused the start of rent control in SF with his "promise" to increase rents in his buildings by something like 100% per year, every single year. [0] AIUI, he never sells buildings; he buys or builds them to rent apartments to people. And now, there's the Trinity Towers deal! He's rich as fuck from the landlording business, but -from what I know of him- he deserves every penny.
> Too often, the debate about development ignores those people, or makes great promises but fails to deliver.
The city's schizophrenic attitudes with regards to housing development confuse me. Something stinks in this city, and it's not just the Combined Sewer System. ;)
[0] IIRC, the story goes that he publicly made this proclamation shortly after the passage of Prop 13.