Google Says It Will Invest $1 Billion To Help The Housing Crisis. Now Comes A Fight Over Zoning [Forbes]
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Source: Forbes
Google Says It Will Invest $1 Billion To Help The Housing Crisis. Now Comes A Fight Over Zoning Topline Forbes While Google itself owns the land it plans to develop on, much of the land is zoned for light industrial or office use. Before the company moves forward, it’ll have to convince each city to rezone the property for residential housing. That’s in addition to the myriad bureaucratic hoops and obstacles that developers face during the building process Google, for example, has already proposed a massive housing and office complex in the North Bayshore area of Mountain View, but the project is currently on hold Working with cities may be a tough task, land use consultants told “The city would take loss of tax dollars into account,” Norman Matteoni, a property use lawyer in San Jose. “It has to balance it against whether it will increase the tax base of the city to sustain itself. I think Google is sending a message that it can’t fulfill what it wants to when it comes to office
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