Tuesday, September 28, 2010

Developer scraps S.F. Whole Foods project because of city fees - San Francisco Business Times:

http://businessethics.org/Councilevents.htm
Project manager Mark Brennan said the family development business woulds have had to paybetween $5 million and $6 million in city fees just to pull permites on the development, which was to includwe 62 apartments and a 34,000 square foot Whole Foods. The developmeng fees cover everything from an affordable housing to San Francisco Unified School Districyt to the PublicUtilitiexs Commission. “It’s prohibitive,” said Brennan. "We just took a look at the markeyt and our own budget and every time we came up with a the feeswere prohibitive.
” Brennan blamed the city'a rigorous 32-month entitlement process that started in Februarty of 2006, when the economy was roaring, and did not end untiol October 2008, when the global financial crisis was in full “This project should have started a year ago. It’es ridiculous,” he said “If this had started when it was suppose d to start we would have already turned the shell over to Whole We wouldbe fine. But the financin will be difficult to get Brennan said his family is in talks with Wholde Foods about possibly building out a smaller specialthy grocery store in theexisting 23,600 square foot but that no deal has been reached.
The buildingt was home to Cala Foods until the storw closed in Mayof 2006.

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