By Calvin Welch, HANC Housing and Land Use Chair
HANC's October meeting, Thursday, October 10, beginning at 7:00 pm in the Community Room, downstairs at the Park Branch Library, 1833 Page Street, will feature a discussion with Art Agnos and Tim Redmond about Propositions B and C on the November ballot.
The proposed 8 Washington development on the waterfront would build some 134 luxury condo’s (costing an average of $5m each) in a 136 foot high building on a 3.2 acre site on the northern waterfront. The project would require a 62% increase in the current 84 foot height limit. A portion of the project would be built on port land. The development would pay some $11 m in affordable housing exactions, $4.8 m in transit “improvements” and pay the Port $3m for the land. In addition the project would receive additional public funds through a tax increment bond payment, the amount of which is unclear but is in the range of several millions of dollars. No estimate has been made as to the additional costs the project will require of various City departments but a major potential cost impact is the development's 20 million gallon a day sewer line, should it be effected by earthquake or bay level rise over time noted by a recent engineering report.