This is a technical report assessing the economics of the 950 Project as a real estate development. It outlines the public subsidies necessary and various strategies to achieve them. The analysis and conclusions are based on industry standard affordable space economics, something the city of San Francisco chooses to ignore. The choice to ignore this report’s recommendations, specifically and generally, resulted in 950’s demise and the city’s now famous scarcity of protected, affordable space.
This report on the economics of providing affordable arts space was also withheld – by the mayor’s office – from the city’s two arts departments: Grants for the Arts and the SF Arts Commission.