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Commission backs code change to let Old Saint Mary's sell development rights to fund seismic work
Summary
Planning staff and preservation advocates won commission approval to amend TDR rules allowing certain Article 10 landmarks, including Old Saint Mary's, to sell development rights across C3 zones (except redevelopment areas) to fund seismic and life'safety retrofits; Historic Preservation Commission sought stronger guarantees that proceeds benefit buildings.
The Planning Commission on June 10 recommended approval of a package of amendments to the planning code to expand transfer of development rights (TDR) flexibility for individual landmarks in the downtown C3 districts, specifically to help landmark owners finance seismic retrofit and ADA upgrades.
What was before the commission: Planning staff described three components: rezoning Old Saint Mary's (660'680 California) from Chinatown Visitor Retail to Downtown…
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