Tuesday, June 1, 2010

Parkmerced in Default: What Now for Owners’ Plan to Bulldoze Over 1,500 Rent-Controlled Homes?

A new article by our director challenges the development plans at San Francisco's Parkmerced.

The owners of Parkmerced cannot pay their mortgage, yet they want permission from the city to demolish more than 1500 rent controlled homes. While most of the public discussion about the proposed development project has been about environmental, transit and preservation issues, the planned demolition of so many rent-controlled housing units is reason alone to stop this project.

Read the full article at BeyondChron.org.

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