11.30.10 - 4:36 pm | Guardian Editorial |
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Multibillionaire Larry Ellison captured the 33rd America's Cup -- but what's in it for SF if he brings the next race back home?
We'd like to know a lot more about what Ellison's development plans are. We'd like to know who, exactly, will be running his new corporation that will get development rights for a couple of nice waterfront parcels.
But before the supervisors sign off on any deal, they need to set a bottom line: this can't cost the city any net revenue. The San Francisco city treasury and local taxpayers shouldn't be subsidizing an event created by and for the very wealthy.
Also from this author
It's time for official reports for planned developments that "could lead to significant displacement of existing San Francisco residents."
Don't let realtors' cash determine the future of San Francisco
Ross Mirkarimi's the sheriff, and you have to work with him
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