San Francisco's business establishment is supporting an economic-development group's proposal to relax a cap on new office development.
The San Francisco Partnership and three of the city's most-influential business groups -- the Chamber of Commerce, the Committee on Jobs and the San Francisco Planning and Urban Research Association -- have joined forces to revise Proposition M. Prop. M is an ordinance that limits citywide development to just under one million square feet annually. The proposal would create a new category of development for Internet and high-tech companies that would be excluded from the Prop. M cap. Neigborhood and anti-growth groups oppose the measure and suggest that the changes would displacing longtime residents and increase traffic.
Thanks to Chris Steins
Read the full story: Businesses Link Up to Battle Office-Development Cap
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