San Francisco Giants Development Plans Will Compete at the Ballot Box

San Francisco County Supervisor Jane Kim introduced a measure this week to appear on the November ballot that "would cut in half the height of some of the proposed buildings and require the Giants to dedicate much more of its housing to low-income residents," reports Emily Green.

Supervisor Kim's measure would appear on the ballot in competition with the Giants' proposal, which must appear on the ballot per the requirements of Proposition B, as approved by voters in November. The proposed development would be built on public land, now massive surface parking lots, though the Giants have a 75-year ground lease for the site at a base rate of $3.5 million a year.

The redevelopment plan, as proposed by the Giants, would include "1,500 units of housing, 8 acres of parkland and 1.5 million square feet of commercial space. Included in that plan are three buildings that reach 240 feet, or roughly 22 stories. The Giants have also committed to building 33 percent of the units as “affordable” — which the Giants define as families earning up to 140 percent of the area median income, about $142,000 for a family of four."