Proposition F is a breathtakingly misleading poison pill that would effectively block any revitalization of the Hunters Point Naval Shipyard and Candlestick Point for decades to come. Proposition G is a historic opportunity on an enormous scale that finally does right by The City’s most shamefully neglected sector.
But if Proposition F wins on the June 3 ballot — even if Proposition G also wins — the long-sought redevelopment deal is guaranteed to fall apart.
Proposition G is the basic framework for a spectacular project that has been in planning for 15 years through hundreds of community meetings. It would deliver $1.5 billion in private financing; advance the long-delayed toxic cleanup of the abandoned Navy site; build as many as 10,000 homes with 32 percent to 35 percent priced below market; put in 300 acres of parks and open space; and create 8,000 permanent jobs as well as 10,000 construction jobs.
And that’s just the basics — Proposition G would also rebuild the dilapidated Alice Griffith public-housing project without city investment and without displacing any tenants. It would house up to 2 million square feet of green research businesses, including a Genentech biotechnology campus. The famed artist studios would be upgraded and expanded without pricing out current occupants. A 12,000-seat arena is on the drawing board.
Then there is the matter of a new San Francisco stadium for the 49ers. Proposition G’s 770-acre project would work with or without the stadium. But land is on hold for a new stadium and for parking lots that would double as open space during the offseason.
The required environmental impact report is half-completed and includes a stadium option. Lennar Corp., as lead developer, would be obligated to contribute $100 million towards stadium construction.
If the noticeably rising discontent among Santa Clara voters results in a rejection of public funding of the stadium, Hunters Point would become the last feasible opportunity for the 49ers to build a new stadium in the Bay Area in any near future.
In stark contrast, Proposition F wentonto the ballot without any public hearings and without any economic research on its feasibility. Sufficient petition signatures were easy to gather because the measure just requires 50 percent of any new housing built at the Hunters Point redevelopment area to be affordable at various lower incomes.
Everybody likes the idea of thousands of new housing units priced at below-market rates built minus taxpayer expense. The only problem is, it won’t work. No new housing in The City has ever been built with more than 24 percent affordable units. And Lennar has stated unequivocally that it cannot go ahead with the huge project with half of the units priced below market rates.
The bottom line is that Proposition F is mean-spirited sabotage being promoted for extremely murky political reasons.