Phil Matier: San Francisco Developers Renege On Paying Special Tax For Transbay Terminal, Caltrain Extension
The San Francisco Board Of Supervisors are meeting Tuesday to create a special tax district around the Transbay Terminal to cover the cost of its reconstruction including the Caltrain extension. Downtown developers had earlier promised to pay in, they are now lobbying, and threatening a lawsuit claiming the amounts are too excessive due to soaring property values.
San Francisco will soon become the first city to enact a California law giving owners who turn empty lots into gardens the chance to get a tax break.
Protesters, including some who dressed up like Cupid, congregated at Twitter headquarters on Wednesday to voice opposition to the tax breaks several tech companies have received.
In anticipation of Twitter’s initial public offering this week, San Francisco Mayor Ed Lee took a stroll down Market Street on Monday to check out and assess the rapidly changing Mid-Market area.
The Colorado Economic Development Commission has agreed to offer $3 million in tax credits to persuade a California biomass company to move to Colorado.
The official move-in date isn’t happening for another roughly one month, but the final touches are being put on Twitter’s new headquarters on San Francisco’s Market Street.
The Department of Energy is not the only government agency that invested heavily in Solyndra, the Fremont-based solar manufacturing company that recently filed for bankruptcy.
The Senate Office of Oversight and Outcomes looked at 10 tax breaks enacted by the State Legislature and found they’ve been costing the state $6.3 billion over the past decade.
The company will be expanding its DVD division at a new facility in North San Jose.
San Francisco’s Mayor has signed a tax break for start ups to go public into law and now one tech company is taking him up on his offer.