Can anyone use an extra $6.7B?
Boston has a hotel room shortage. If you're a developer in Chinatown, the only thing you want to be building on these small parcels is hotels. The $$$ is insane.
The BPDA is motivated to maintain and preserve the 'ethnic' character of Chinatown. The only way that happens is to continue to add apartment density by getting buildings built, then use the linkage and $$$ in the general fund to reach the desired number of affordable units.
Given current economics, the BPDA will be permitting more 15-28 story highrises going forward. But they carry a high number of luxury units. You propose them, and the neighborhood groups freak out.
You go back to (hotels) on a couple of parcels – which addresses the other problem. There's more revenue with hotels. The developer can give you more tax $$$ without the political fallout (so you thought). You bring forth a project, and the neighborhood groups are freaking out again.
The BPDA is backed in a corner. Follow the wishes of neighborhood activists, and somewhere between nothing and next to nothing gets built. The BHA can only build a limited number of units. They'd run out of funding long before sufficiently meeting the need.
But, Chinatown's been getting affordabble units – with more on the way from Winthrop Square/MP, and eventually, DOT parcels 25, 26, 27, and 28 when they are developed.
http://www.archboston.org/community/showthread.php?t=5193
Logic would assume that we need to stay the course. Revenue projects are the way to go. ....i believe the 'nimby' factor is beginning to do serious harm to Boston. We continue to squander parcels or get into these neighborhood skirmishes that seem to go on for years.
This the kind of stuff that makes me worry when i look 5 or 6 years out. i think we reach a point (well sooner than people realize) where the process vs nimby obstructionism eventually grinds projects to a halt. And has this not already begun to occur? A normal, robust process is not taking place here. We're seeing an unhealthy level of mischief.
citylover94 posted on City Data several weeks ago (i adjusted it for population increases from current information available);
Boston
Land area: 48.4 square miles
park area: 5,040 acres
airport: 2,384 acres
Land area excluding airport and parks:
~36 square miles
Population: ~650,000
San Francisco
Land area: 46.8 square miles
Park area: 5,384 acres
airport: 0 acres
Land area excluding airport and parks:
~39 square miles
Population: ~837,500
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So, i thought i'd compare fiscal budgets....
Boston's fiscal budget for 2017;
$2.98B
https://www.boston.gov/departments/budget
(breaking down the numbers);
http://www.cityofboston.gov/news/Default.aspx?id=20197)
San Francisco's fiscal budget for 2017 (settled);
$9.7B
http://sfmayor.org/article/mayor-lee-presents-proposed-balanced-budget-fiscal-year-2016-17-2017-18
(breaking down the numbers);
http://www.sfgate.com/bayarea/article/SF-budget-increase-aimed-at-homeless-safety-7955697.php
What the fuck? It seems the truth is out there about what the anti-development obstructionism has done to incite Boston's low fiscal scale. i don't know how else to interpret it – given even, that i'm working with just the flat numbers. Even when you factor in the lack of inclusion of Cambridge, Somerville, and Brookline from the core neighborhoods, the advanced state of San Francisco's economy.... to be able to put forth a budget of such inordinate scale is shocking.
In just this year alone Bart will receive a $175M increase in funding on top of $ ++billions in capital improvements already happening!
God.