By: Phil Ting
As we watch the news from the party conventions, we are hearing a new refrain – “We built that.”
As political rhetoric goes, it is hardly, “Where’s the Beef?” or even, “Bridge to the 21st Century.” What it lacks in rhetorical punch, it more than makes up for in policy weight.
Because it does make perfect sense for us to ask: “What can government do to rebuild our economy and put Californians back to work?”
A few weeks back, I released data surrounding the dramatic increase in property values in San Francisco’s South of Market and Mission Bay neighborhoods and discussed some of the policy-driven reasons behind this beneficial increase and the new tax revenues that come with it.
Our data seems to clearly show that one of the reasons this neighborhood is so economically healthy is the basic investment our state made in expanding the University of California, San Francisco a few years back. The state built a new UCSF campus in Mission Bay. And now that investment is already paying the dividend of higher tax revenues that can be used for anything – from cleaning our streets to improving our schools. Read More