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The general idea would fit in with the overarching California initiatives - particularly the California’s Density Bonus Law/Builder's Remedy that recently has b
by somethoughts 3y ago
The general idea would fit in with the overarching California initiatives - particularly the California’s Density Bonus Law/Builder's Remedy that recently has been in the news.
The general idea is instead of assuming this new city will always be a sleepy suburban residential until eternity - assume from the get go that it will have the same "where are we going to stick all the 5 story towers" hot potato problem that San Jose/Santa Clara are having right now.
By laying out the future high density area zones on a 30 year zoning map, buyers can know a priori that if they buy the single family house on this street, their grandkids can potentially either expect to stubbornly live there in the shadows of a 5 story condo complex with low income components or cash out for tens of millions to a RE developer.
I think why this hasn't happened before is because it always seems silly when you just look at 500 acres of farmland to throw down BART access right of ways.
But in reality given California's historical growth patterns, its probably realistic if looking at a 25-50 year time horizons.
- deepsun 3y agoI think it doesn't matter, grandkids will vote out any development complexex in their time, nimbying out all the plans that were laid out 30 years ago. The only way I see if the residents cannot own the property and the land. Something like max 15 years rent.