The fate of 8 Washington, a luxury high-rise project planned for San Francisco’s northern waterfront, remains uncertain after landing at the center of a political firestorm last year. Yet a whopping $42 million, invested by the California State Teachers Retirement System (CalSTRS), is currently tied up in the project.Read more »
The media and blogosphere have given us plenty to chew on lately as columnists, subversive Tweeters, and mischievous YouTube producers take to the Internet to examine issues of tech, race, class and gentrification in the Bay Area. To wit:Read more »
In his State of the City address last week, Mayor Ed Lee cheerfully characterized San Francisco as "the new gravitational center of Silicon Valley." He touted tech-sector job creation. "We have truly become the innovation capital of the world," Lee said, "home to 1,800 tech companies with more than 42,000 employees — and growing every day."Read more »
San Francisco’s city pension fund may have as much as $1 billion tied up in companies that control fossil fuel reserves, such as Exxon, BP, Shell and Chevron. At the Board of Supervisor’s meeting this afternoon, Sup. John Avalos plans to introduce a resolution calling on the San Francisco Employees Retirement System (SFERS) to divest from leading fossil fuel giants. Read more »
It's late afternoon in Building 101 of the Hunters Point Shipyard artists' colony, and Richard Bolingbroke has his forehead in his hands. The studio complex, which began as a squat in the 1970s, has been an artists' sanctuary for decades, drawing flocks of curious visitors and housing internationally acclaimed residents. Bolingbroke has been there 17 years. "It's like a sacred space," he says.
But now, he and 15 other artists have been snagged in a minor wrinkle of the massive Hunters Point Shipyard redevelopment project—and they're being told they'll have to vacate.
Lennar, the project developer, is using the artists' presence as a selling point to market homes in the new neighborhood. Billboards touting art line the entrance to the site, where construction is expected to begin soon.
As the issue of climate change heats up again on the national stage, a local program seeking to provide San Franciscans with the option to purchase 100 percent renewable energy has come under attack by a group intertwined with California’s largest utility company.Read more »
Following a contentious five-hour hearing, a committee of the Board of Supervisors postponed voting on a controversial housing proposal, and agreed to revisit the issue on Feb. 25. Over the next few weeks, opposing sides are expected to negotiate a possible alternative.
Authored by Sups. Scott Wiener and Mark Farrell, the proposed condo conversion impact fee would have allowed as many as 2,000 tenancy-in-common (TIC) units to be immediately converted to condos for a fee, allowing owners to bypass a housing lottery system that places an annual cap on conversions.Read more »