Wednesday 12th of August 2020 09:06:06 AM GMT

Hey Matt Haney, SF Twitter Tax Break Hearing Must Focus On Economic Development

(Last Updated On: March 6, 2019)

Supervisor Matt Haney has been a friend of mine for some time, so this isn’t personal. Ok Matt? But I am concerned that Supervisor Haney’s call for a hearing on the Twitter Tax Break Deal may degenerate into a name-calling fest with no real professional assessment of the costs and benefits of what was done.

In fact, part of me is hopeful that’s the case, just to pave the way for ’s move to Oakland. If that happens it will be because a number of people have no memory of the circumstances around which the deal was crafted in the first place.

California Redevelopment Law Was Taken Away

For years, that part of Market Street was blighted and dilapidated. It should have been the focus of its own redevelopment project area, and merge the Federal Office Building and the Yerba Buena Center Redevelopment Plan, but the unhappy accident of timing got in the way. California Governor was well on his way toward terminating California Redevelopment Law starting in 2011, and much of the state’s political establishment let the legendary politician do it.

Out with California Redevelopment Law went many of the policy tools that would have assured the development of affordable housing and funding for street and sidewalk cleaning and code-enforcement assistance: the kind of costs that plague many Financial District businesses. In, came , and with the tax breaks – as well as the assumption that the firm was able to pay for community improvements without any spreadsheet analysis of how such expenditures would impact its ability to afford to be at that location.

In other words, what’s come into play is a lot of emotion and very little empirical thinking in policy formation or policy analysis. As tech companies have multiplied both in number and in wealth, this problem has only intensified. California Redevelopment Law was taken out, even though the California Finance Association said it was a mistake for Governor Brown to do so, and its replacement, SB 628 by Jim Belle, has not been widely used – to say the least.

SB 628, or “Enhanced infrastructure financing districts” reads as having nothing to do with downtown development issues, but that’s the reading of a novice economic development policy planner. Read carefully: “Existing law authorizes an infrastructure financing district to fund infrastructure projects through tax increment financing, pursuant to the infrastructure financing plan and the agreement of affected taxing entities, as defined. Existing law requires an infrastructure financing plan to include the date on which an infrastructure financing district will cease to exist, that may not be more than 30 years from the date on which the ordinance forming the district is adopted….This bill would additionally authorize the legislative body of a city or a county, defined to include a city and county, to establish an enhanced infrastructure financing district, adopt an infrastructure financing plan, and issue bonds, for which only the district is liable, upon approval by 55% of the voters; to finance public capital facilities or other specified projects of communitywide significance, including, but not limited to, brownfield restoration and other environmental mitigation; the development of projects on a former military base; the repayment of the transfer of funds to a military base reuse authority; the acquisition, construction, or rehabilitation of housing for persons of low and moderate income for rent or purchase; the acquisition, construction, or repair of industrial structures for private use; transit priority projects; and projects to implement a sustainable communities strategy.”

Use SB 628 To Form A New Plan For The Area Around HQ SF

Now, if you just use your imagination, you can structure a program that uses tax increment financing to cause the acquisition, construction, or rehabilitation of housing for persons of low and moderate income for rent or purchase, and implement a sustainable communities strategy – all in an area around Headquarters.

I have known the late Ed Lee since 1992, when I was co-author of a study called “African Americans In San Francisco: 1960 to 1990,” so I am certain he would agree with me when I say this: the main problem with the plan was that it lacked a true redevelopment plan to go with it. In other words, it placed all of the weight of area revitalization on , which has no real experience in that, and left without any real oversight of what was going on.

The 2015-2018 Community Benefits Agreement is not an economic redevelopment program but a social development program. It can’t work without affordable housing or business assistance loans. A true redevelopment plan has all of that.

In closing Supervisor Haney, my fear is you will look only at what was done, but in reality you have to look at the Tax Program from four perspectives: what was done, what happpened, what should have been done, and what can be done.

Out of that, please bring back redevelopment. The problem today, and particularly with progressive politics, is that economic development can be summed up in three words: tax, regulate, and sue.

When progressives were called “liberals”, economic development was summed up like this: stimulate and redirect tax revenue to generate jobs, cause affordable housing construction, and vibrant urban development.

It’s time for a return to basic, good old, smart, liberal economic development.

Otherwise, send to Oakland.

Thanks., Oakland News Now, @OaklandNewsNow is by Zennie62Media, Inc. with CEO Zenophon Abraham AKA Zennie62 YouTube Oakland News Now Commentary Vlog YouTube Partner, Oakland California blogger / vlogger @ZennieAbraham . Hire @Zennie62Media, Inc to tell your story.

Zennie62Media uses smartphones enabling our 98-blog network, specially-made blogs, website, social media platforms covering politics, news, sports, and tech, @Oaklandcitynews, Oakland City Council, North Oakland, East Oakland, Montclair, Adams Point, Uptown Oakland food culture, Oakland City, Oakland Cemetery, Oakland crime, Oakland directions, Oakland airport, Oakland, California ghetto, Oakland, California Map, Oakland Raiders, Oakland City Hall Plaza, East Oakland, Jack London Square, London Square, Golden State Warriors, Chase Center, Bob Myers, Joe Lacob, Peter Guber, NBC Bay Area, Council-Member, Councilmember, Council President, Mayor of Oakland, Public-Safety, Affordable Housing, BBQ Becky Dr. Jennifer Schulte , Jogger Joe Henry Sintay, Oakland crime news, Chauncey Bailey, Bank of America loans, COVID-19 updates, homeless news, SF Bay Area news, Oakland artists, @breakingnewsbayarea, Emeryville, Atlanta news, Chevron Ecuador, Steven Donziger, Fayetteville GA news, @FayettevilleGA Fayette County Georgia, news, San Jose news. Also, David Rubin Academy Awards, The Oscars ceremony ,Tom Hanks, Skyline High School, Oakland Sports, Oakland Panthers, Oakland Coliseum, Honda of Oakland, Oakland Arena, Oakland Raiders, Las Vegas Raiders, Las Vegas Stadium Construction, Allegiant Stadium, Las Vegas Stadium Authority, NBA, NFL, NFL Draft, NFL Combine, CES Las Vegas tech, San Diego Comic Con sci-fi. @GrandLakeTheater @LasVegasHotels, Penny Dreadful City of Angels, Academy of Motion Picture Arts and Sciences, AMPAS

Zennie62Media has content development and online reputation management clients like Insight Terminal Solutions @InsightTerminalSolutions and The Oakland Bulk and Oversized Terminal, with California Capital Investment Group Managing Partner Phillip Phil Tagami @PhilTagami co-developer, @JohnSiegel John Siegel as ITS CEO exposing coal and Oakland fake news. Zennie62 has helped Maria Ayerdi Kaplan @MariaAyerdiKaplan, developer of Salesforce Transit Center in , Kofi Bonner Five Points, Shipyard, and Flowsent capture the Oakland Cannabis Delivery Dispensary @OaklandCannabis market with fitness model female bodybuilder Laura Ehlen and weedmaps help. We’ve partnered with CoLoursTV, CNN, YouTube, Google, NBC, Vice, Oakland Post / Post News Group, Landis PR, and other media organizations. Competition: The SF Chronicle, Chronicle, Streetsblog ,, Business Times,, NY Times, Salt Lake Tribune, LA Times, Daily Californian, KQED, KALX, KPIX, KRON, Las Vegas Review Journal, East Bay Express, Oakland Tribune, Oakland Voices, The Mercury News, AJC, Atlanta Journal Constitution, Hoodline

WebiMax, Gadook, VJG Interactive, LocalEdge, Digital Firefly Marketing, GreyBox Creative, Igniyte, Reputation Rhino, Netmark, Outspoken Media, SEOValley, WebpageFX, NetReputati, reputation management, atlanta reputation management, los angeles reputation management, Indeed, airbnb, pinterest, credit karma, southwest airlines, mcdonalds, united airlines, Peel-A-Pound Soup, drudge report, astros, 49ers, frontier airlines, tractor supply, warriors, alaska airlines, buffalo wild wings, horoscope, shein, raiders, uhaul, ted bundy, nba finals, michaels coupon, Tua Tagovailoa, cheesecake factory, golden state warriors, kevin durant, realtor com, stephen curry, walgreens photo, drudge, facebook sign in, funny memes, hbo go, hbo now, oakland raiders, oakland national night out, vistaprint, braves, 49ers, monday night football, newegg, travis scott, zion williamson, kohls coupons, lands end, nancy pelosi, kohls coupon, hotwire, kamala harris, Patrick Mahomes, mark davis raiders wife, al davis,mark davis net worth, mark davis van, mark davis raiders haircut, mark davis car, mark davis minivan, raiders owner net worth, harry potter, giants, craigslist sf, craig newmark, vic beasley, california earthquake, boston weather, las vegas weather, Eric Metz, sf giants, weather, , los angeles weather, lord and taylor, star wars, star wars episode, star trek, star trek discovery, william shatner,,, leonard nimoy, j.j.abrams, jimmy garoppolo, hawaiian airlines, detective pikachu, clint eastwood, bed bath and beyond coupon, abercrombie, pewdiepie, sfgate, sc lottery, san diego weather, san antonio weather, southwest flights, pikachu, golden state, myatt, just mercy, french open, colourpop, cam newton, anna kendrick, actor, sexual harrassment, klay thompson, harbor freight coupon, robin williams, protest in Oakland, portland protest, Berkeley protest, Chicago protest, LA protest, Howard Terminal Ballpark, Seattle protest, portland weather, phoenix weather, north carolina, macbook, how, bath and body works coupon, The Pandemic, sports events,googleflights, daytona 500, daily horoscope, ashton kutcher, mask, Economic Stimulus, andrew luck, alamo drafthouse, 49ers schedule, trump tweets, thanksgiving,How to, What is, How do I, What do I, Who is? , Electronic Frontier Foundation, Howard Terminal Ballpark, Natalie Silver, Pass It On, Barbara Leslie, Yui Hay Lee, Andreas Cluver, White Journalists, Blacks In Media, David Rubin, Frances Dinkelspiel, Alana Nguyen SFGate, Cat Brooks, Anti Police-Terror Project, Mountain Mike’s Pizza, Glenview, Restorative Justice, School Crossing Guards

Bill Belichick ,New England Patriots, Sean Payton, New Orleans Saints, Andy Reid, Kansas City Chiefs , John Harbaugh, Baltimore Ravens, Sean McVay, Los Angeles Rams, Mike Tomlin, Pittsburgh Steelers, Kyle Shanahan, 49ers, Pete Carroll, Seattle Seahawks, Bruce Arians, Tampa Bay Buccaneers, Frank Reich, Indianapolis Colts , Mike Zimmer , Minnesota Vikings , Doug Pederson, Philadelphia Eagles , Mike Vrabel, Tennessee Titans , Sean McDermott, Buffalo Bills , Matt Nagy, Chicago Bears , Kliff Kingsbury, Arizona Cardinals , Zac Taylor, Cincinnati Bengals, Bill O’Brien, Houston Texans, Kevin Stefanski, Cleveland Browns, Ron Rivera, Washington Redskins , Brian Flores, Miami Dolphins , Joe Judge, New York Giants, Mike McCarthy, Dallas Cowboys, Matt Rhule, Carolina Panthers, Jon Gruden, Las Vegas Raiders, Matt LaFleur, Green Bay Packers, Anthony Lynn, Los Angeles Chargers, Vic Fangio, Denver Broncos, Dan Quinn, Atlanta Falcons, Matt Patricia, Detroit Lions, Doug Marrone, Jacksonville Jaguars, Adam Gase, New York Jets

Also Elon Musk, YouTuber , Nura Gabbara, Pat Abraham Yerger, Patricia Yerger, Oakland Mayor Libby Schaaf @LibbySchaaf, Councilmember Nikki Fortunato Bas, Dan Kalb of District 1, Loren Taylor, Lynette Gibson McElhaney, Sheng Thao, Noel Gallo, Robert Bobb, Rebecca Kaplan, Larry Reid, Tech Entrepreneur Sarah Lacy, Personal Trainer Megan Avalon Buffed Barbie, Social Media Pioneer Marc Canter, Beth Schnitzer, Spritz Marketing, Eleanor Wikstrom, SF Mayor London Breed, Scott McKibben, CA Assemblymember Buffy Wicks, Schools Superintendent Tony Thurmond, Berkeley Councilmember Ben Bartlett @BenBartlett, Raiders Charles Woodson, 49ers Jerry Rice, Grand Lake Theater Oakland Owner Allan Michaan, Gary Meyer Telluride, Eat Drink Films, C.J. Hirschfeld, Issac Kos-Reed, Salsa-By-The-Lake, AMC Cinemark TinselTown, Children's Fairyland, Irvine City Manager John Russo, Guy Fieri, Oakland CAO Edward Reiskin, Raiders Coach Jon Gruden Running Back Josh Jacobs, Stanford HC David Shaw, Tri Ngo, Atlanta Falcons Coach Dan Quinn, Michael Mina, NFL Draft Mr. Irrelevant Head Melanie Fitch, Paul Satala. Eva Crawford, Lauren Weisheit, Subscribe to ’s @Zennie62 YouTube Channel, today!

About the Author

Zennie Abraham
Zennie Abraham is the CEO of Zennie62Media

Ben Bartlett Berkeley Councilmember Introduces “Safety For All: George Floyd Community Safety Act

Councilmember Ben Bartlett, Coalition App For City Of Berkeley Virtual Town Hall April 22nd, 2020

Oakland News Now Recent Blog Posts