Category Archives: economics

Tech industry posts “soft-sell” pitch for Gross Receipts Tax ballot measure

The San Francisco Citizens Initiative for Technology and Innovation (also known as “sf.citi”) has posted a video that shows proposed tech solutions to make San Francisco “smarter.” The video also advocates for passage of San Francisco’s Proposition E, a business tax reform measure.

It ends with an advertisement for Proposition E, a ballot measure on the November ballot that’ll be the subject of next week’s SoMa Leadership Council meeting. Prop E proposes to reduce the payroll tax paid by San Francisco firms and replace it with a tax based on gross receipt sales.

“The biggest gift the tech community today can give San Francisco is passing Proposition E to create jobs in San Francisco and small business,” angel investor Ron Conway said last month at a tech industry event. Conway is also chairman of sf.citi.

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How much tech can one city take?

By David Talbot
San Francisco Magazine

“… ever since his Twitter awakening, [Mayor Ed] Lee has been moving quickly to align his administration with the booming technology industry, shrugging off complaints from the city’s powerful progressives that he’s gotten too cozy with tech moguls, such as investor Ron Conway. The mayor’s proposal to shift business taxes from a payroll-based plan to one based on gross receipts will be on the November ballot, with wide backing from the Board of Supervisors, labor unions, and, of course, Conway. Progressive gadfly Aaron Peskin tapped a deep well of distrust on the left last month when he told the San Francisco Chronicle, ‘The Koch brothers are trying to buy the president of the United States, and Ron Conway has bought himself a mayor.’” Read more →

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Is the preferred alternative for Folsom Street revamp ready for prime time?

The SFMTA will propose a three lane configuration for a two-way Folsom Street to be considered in the upcoming environmental review. Click on the image above to see a high resolution PDF of the entire schematic.

If anything good can be said about the Central Corridor Plan, it might be that it gives us an opportunity to attach the final draft of the Folsom Street realignment into an environmental review study. Once the EIR is adopted, funding and implementation of the future Folsom Street Neighborhood Commercial District can begin.

Erin Miller, project manager for the Eastern Neighborhoods Transportation Implementation Planning Study (ENTRIPS), and other SFMTA staff will discuss the preferred and alternative proposals they have developed at next week’s meeting of the SoMa Leadership Council at 6:00 p.m. on Wednesday, August 15. These monthly meetings are held in the community room of the Folsom/Dore Apartments at 1346 Folsom Street.  Continue reading

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Winners and losers in Mid-Market Dolby deal

From the San Francisco Business Times:

Sweet music to real estate investors TMG Partners and DivcoWest. Finance officials at the State Compensation Insurance Fund, however, must be feeling pretty short-sighted right now. TMG and Divco, both San Francisco-based real estate investment firms, more than doubled their money on the deal in less than a year, buying the property for $44 million in October of 2011 and agreeing to sell it this week for $109.8 million.  Continue reading

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