“San Francisco’s financial portfolio may have lost millions of dollars when banks manipulated interest rates during the financial crisis.”
Libor scandal effect on San Francisco’s finances still unknown [Ex]
“The bulk of the benefit to property owners is associated with reduced financing costs, and the condominium conversion fee would still be attractive to [tenancy-in-common] owners even if any future rent increase in converted condominiums were limited in exactly the same way, and to the same extent, as rent controlled apartments are”
San Francisco should allow rent control for converted condos, report says [Ex]
“The article’s real sin was to get the basic facts wrong on where this political stalemate now stands, presenting the wishful spin of one side as if it were the latest news.”
No progress in condo conversion standoff, despite the Chron’s spin [SFBG]
“Adachi can, if he wants to, rack up bills that The City must pay for private attorneys. And he wields that power repeatedly when opposing cuts or demanding budget increases at the board. Back in 2009, to oppose a $1.2 million cut, he brought in a huge $1,000 bill that he held over his head as he made the case that reducing his budget means uncontrolled spending on private lawyers.”
Public Defender Jeff Adachi is the boy who cried broke [Ex]
“In light of the bigger, more expensive space being offered, even as The City wrestles with a $130 million deficit, Farrell got it right when he said: ‘This is a very generous offer.'”
San Francisco Law Library suing over facility size [Ex]
“CEQA was intended to ensure analysis and disclosure of environmental impacts of proposed projects prior to construction. Unfortunately, it is frequently misused by anti-growth and not-in-my-backyard activists to extract concessions and kill projects for reasons that have little to do with the environment.”
It is time for San Francisco to act on CEQA reform [Ex]
“Wiener’s measure would limit the number of times an individual project could be appealed, set strict time limits for filing an appeal and allow the supervisors to combine environmental appeals and required project approvals into a single hearing.”
Wiener proposes appeals process changes [Chron]
