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by karma_vaccum123 3628 days ago
It's happening. I think the one thing people need to realize is the big "space crunch" in the Bay Area is a relatively recent issue. There is NIMBYism to be sure, but development is slowly catching up. Look at the Sunnyvale side of Moffett Field, it has rapidly grown a collection of tall buildings.

The potential issue that was brought up in Mountain View is an unwillingness to become a "company town" for Google. Residents can remember being a "company town" (to a lesser extent) for SGI and then SGI went poof, leaving the Shoreline area vacant for a time. I actually think it is good for residents to be suspicious of tying their fates to one very large employer; nothing lasts forever.

The same issue may one day impact Cupertino...how many companies could or would want to acquire a single property as big as the "spaceship" campus? Apple isn't going away anytime soon, but this is still a valid concern.

1 comments

Would it really be that bad for them if Google went belly up sometime in the future? Sure their property values might decline, but in the interim they'd go up. Is it that bad if property values go from x, to x + y, back to x, as opposed to just staying at x? In the interim, allowing Google to expand means they'd get a bunch of new infrastructure, run down parts of the city would be rehabilitated, the area would gentrify some. I'm not sure how these people are acting/voting in their own interest.
You have to pay taxes for x + y but can only sell the house for x after the company leaves