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Planning director signals possible revocation of unused Proposition M office allocations
Summary
Planning staff reported an analysis that may identify up to ~900,000 sq ft of unused office allocation from past approvals and said staff plans to bring an action in early fall to reclaim unused allocation if project sponsors do not voluntarily relinquish it.
In department announcements, planning staff provided an update on how Proposition M allocations will be managed and how projects will be brought forward. The director reported that an analysis of past approvals indicates there may be up to about 900,000 square feet of approved but unused office allocation—space that was approved on paper but not built…
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