Opinion: San Diego should share in the benefits of rising property values developers are reaping

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Opinion: San Diego should share in the benefits of rising property values developers are reaping [Opinion]

” : Westfield, the owner of Mission Valley West, is asking for an amendment to increase the allowed density of its 20-acre shopping center.

Reporter Jennifer Van Grove points out, “The change would boost the value of the land by allowing for additional development, including residential units, on the site.” I am sure the city will grant Westfield’s request. And here is the tragedy of planning in the city of San Diego. The city has updated several community plans, increasing densities and consequently land value — thus making future housing more costly — and asked for nothing in return. Other citiesAdvertisement

Why are we losing out on this important resource, which could help provide the affordable housing we desperately need for lower income families?

 

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Perhaps some San Diego are reaping the benefits of the large developments. Unfortunately the ones with the benefits might be the politicians not the average person!

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