We mentioned this Wednesday morning in our little election day roundup, but the San Francisco Giants may have been the biggest winners of anyone when folks went to the polls on November 3.
They won because San Francisco voters approved something called Proposition D, which waived building height restrictions in the area around AT&T Park. An area where the Giants themselves
own lease the land, allowing them to go ahead with a real estate development proposal called “Mission Rock,” which will allow for 20+ story high-rises, offices and shopping on land that is now a parking lot. This will make the Giants an awful lot of money, as Giants chairman Larry Baer explains in this article in the Merc.
This shouldn’t be looked at solely as some sort of piggy bank for a baseball team, however. I mean, it is that, but it has a place in the larger context of San Francisco as well. There is an extreme housing crunch going on in the city, caused by dramatically increased population, skyrocketing real estate costs and building and zoning laws that, for years, have made it very difficult to increase the number of housing units in the city. High rise development — which is what you need when you literally run out of land like San Francisco mostly has — is essential, but it’s basically been blocked. This, then, is something of a rare win for folks who want more housing in the city, even if it’s a modest and only a partial win (many other real estate initiatives failed). There is also at least something in here for people who aren’t the Giants: 40 percent of their planned 1,500 housing units in Mission Rock will be below-market-rate housing.