8 Washington Street Development-Initiative, Proposition B (November 2013)
|Voting on Property|
|Not on ballot|
Both Proposition B and Proposition C concern development on the 8 Washington Street Site. If both measures pass and there is found conflicting portions of Proposition B and C then the proposition which receives less "yes" votes would be disregarded in part or in whole.
Text of measure
The question on the ballot:
| Proposition B:
Shall the City allow a development project at the 8 Washington Street Site that would include new housing, retail and recreational facilities, and open space, and would increase the legal building height limits on a portion of the Site?
The voter pamphlet provides the following analysis and summary for Proposition B:
The way it is now
The site proposed for development as 8 Washington Street is 3.2 acres bounded by the Embarcadero, Washington Street and Drumm Street (the Site). Approximately 80% of the Site is owned by Golden Gateway Center and used as walkways and a privately operated tennis and swim facility. The remaining 20% is a public parking lot under the jurisdiction of the City and County of San Francisco’s Port Commission.
In 2012 the Board of Supervisors (the Board) approved a development project for the Site involving construction of two mixed-use buildings containing 134 residential units, ground floor restaurants and retail, a privately operated fitness and swim facility, a public park and open spaces, and underground public and private parking.
In approving the development project, the Board also adopted an Ordinance to increase the legal building height limits on a portion of the project. Then a referendum (Proposition C) qualified for the ballot requiring that the Ordinance be submitted to the voters. Later, this initiative (Proposition B) dealing with the same Site qualified for the ballot.
Proposition B would create a special use district known as the 8 Washington Parks, Public Access and Housing District. The district would require the 8 Washington Street Site project to include:
A “YES” Vote Means: If you vote “yes,” you want to approve the 8 Washington Street Site development project, which includes new housing, retail and recreational facilities and open space. It would also increase the building height limits on a portion of the Site.
City Controller Ben Rosenfield wrote the following about Proposition B:
Should the proposed ordinance be approved by the voters and the proposed project at 8 Washington Street be built as currently approved, in my opinion, it would result in near-term tax revenues of approximately $4 million which can be used by the City for any public purpose, approximately $11 million in fee payments to fund affordable housing and approximately $4.8 million in fee payments to fund transit improvements. The Port of San Francisco would receive approximately $3 million in near-term revenues from the sale of a seawall lot for the project, as well as a percentage of property sales. In addition, the developer would construct a public park and improve public utilities and infrastructure.
The ordinance provides for the establishment of a special use district on a 3.2-acre site on the northern waterfront and other approvals required for construction of the development referred to as 8 Washington Street. As noted above, the financial terms benefitting the City and the Port in the proposed project include an affordable housing fund contribution, transit impact development fees, and a percentage of property sales to be paid directly to the Port.
Estimated future revenues that would be generated by the project would vary depending on market conditions and other factors, but certainly the assessed value of the area would increase and result in significant additional property tax and sales tax revenues to the City and the Port. Over the long-term life (sixty-six years) of the project, tax revenues, added property value and park and open space improvements accruing to the City and the Port are projected at more than $350 million, valued at approximately $82 million in today’s dollars.
The above amounts do not include potential operating and infrastructure costs for other City departments. This statement does not address the potential impacts of the project on businesses, private property or the local economy.
Path to ballot
On July 12, 2013, the Department of Elections certified that the initiative petition calling for Proposition B to be placed on the ballot had a sufficient number of valid signatures to qualify the measure for the ballot. 9,702 signatures were required to place an initiative ordinance on the ballot. This number is equal to 5% of the total number of people who voted for Mayor in 2011. A random check of the signatures submitted by the proponents of the initiative petition prior to the July 8, 2013, submission deadline showed that the total number of valid signatures was greater than the number required.
- San Francisco Voter Pamphlet and Sample Ballot for November 5, 2013 election
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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