Developers To Pay For Art?

Rendering of Venus sculpture at Trinity Properties' Trinity Place in San Francisco
Photo credit: Trinity Properties

City Hall wants to put another proposition affecting development before voters. This time, city supervisors are asking San Franciscans if developers should pay for lost art space in the course of new construction.

The vote passed 7-4 with traditionally pro-development Supervisors Wiener, Tang, Cohen and Farrell voting against, reports Curbed. The bill calls for developers to replace 50% to 100% of the space artists would lose out on to display their work.

Some developers have made public art a cornerstone of their development projects (including Trinity Place's Venus, shown above). Voters will decide on the measure Nov. 8. [Curbed]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Prime Residential Acquires Castro District Multifamily: The Bay Area Deal Sheet

Silicon Valley Cities See Spike In Office Demolitions

New Transamerica Pyramid Owner Inks 113K SF Of New Leases

Archer Aviation Leases 501K SF Tech Campus Near San Jose

Columbia Property Trust Modifies $1.8B Loan After Multiple Defaults

Prado Group, Presidio Bay Exit Deal For San Francisco Centre Mall

Bay Area Hotel Market Recovering, But Distress Still Looms

Fortinet Expands Sunnyvale Footprint With 26K SF Acquisition

Changes Prove Costly As Bay Area Lab Landlords Pursue Conversions

Blackstone To Acquire Hyatt Regency In San Francisco For $279M

El Camino Health Plans New Hospital In Los Gatos: The San Francisco Deal Sheet

Bay Area Senior Housing Pipeline Shows Divide Between Market-Rate And Affordable Projects