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Planning commission hears widening pipeline under Prop M; staff urges policy options including competitive pool
Summary
Planning Department presented a data-heavy briefing showing a historically large pipeline of office projects and urging the Planning Commission to consider alternatives to first-come, first-served allocations under Prop M, including a competitive pool, smoothing caps, and stronger design and affordability criteria.
The San Francisco Planning Department told the Planning Commission on Aug. 7 that the city’s annual office limit under Proposition M is being strained by an unusually large and geographically dispersed pipeline of projects. Corey Tee, a department planner, said the system’s mechanics — 950,000 square feet a year divided into small- and large-cap allocations — have not changed, but that the volume and size of pending projects has reached levels not seen since the dot-com boom.
Tee said the department currently shows roughly 2.1 million square feet of large-cap availability with more than 2.15 million square feet pending and over 9 million square feet in pre-application, a pipeline large enough that, if all projects matured simultaneously, the city could be ‘‘9,000,000 square feet in the red’’ relative to the cap. ‘‘It is a historically…
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