There’s a bill on the governor’s desk, Bill 3068, aimed at speeding up the conversion of empty buildings into livable apartments to increase affordable housing. Occasionally, old eyesores are torn down via eminent domain, replaced by new buildings, which helps bring more housing into an area. This initiative is seen as a positive move, creating jobs and being supported by trade unions. However, there’s a lingering question of whether San Francisco might regret losing office buildings, which typically provide better long-term tax revenue.
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