SAN FRANCISCO (KPIX 5) — It’s one of the most valuable pieces of real estate in the United States, so it’s no surprise to hear that it’s the proposed site for dozens of multi-million-dollar condominiums.
The land sits right along San Francisco’s Embarcadero, between Washington Street and Broadway. After years of planning changes and multiple approvals by a handful of commissions and governing bodies, the plan is to hand developers a publicly owned parking lot in exchange for new park space that would surround 134 luxury condos.
There’s just one catch. Voters have to sign off on the plan, and the campaign, on both sides, isn’t doing voters any favors.
It’s a development battle that’s being going on for half century. Currently, the war over the waterfront in San Francisco takes the form of Proposition B, which asks voters to sign off on a luxury condominium complex called 8 Washington. The plan has opponents furious and supporters exasperated, producing questionable claims from both sides of the debate.