Tags Proposition G
Tag: Proposition G
Over $1 billion has been spent by the federal government since 2004 to clean up and remediate one of the most highly toxic and radioactive sites in the U.S., the Hunters Point Naval Shipyard in San Francisco. This Superfund site was home for decades, 1946-1969, to the Naval Radiological Defense Laboratory, and large Navy warships were towed there from the Pacific, where they had been placed close to nuclear tests.
At the close of 2008 and throughout 2009, Americans watched our federal government reward the reckless multinational financial sector with trillions of dollars for causing the worst hardship since the Great Depression. San Franciscans and Californians joined in the agony but few understood that both San Francisco and California have come up with their own bailout for one of the major players in the meltdown, the South Florida based Lennar Corp.
SB 792 is a license for Lennar to dump worthless, dangerous, highly toxic and radioactive land on the public, in exchange for clean, desirable Candlestick parkland that graces the Black and working class community of Bayview Hunters Point. Labor must not be deceived into becoming an unwitting and involuntary participant in a major crime.
It’s been 33 years, but Ed Donaldson can still see the anxious look on his mother’s face when she was told she had to move. It was 1976, and Donaldson was only 10 – the youngest of three children – when the family received word from the San Francisco Redevelopment Agency that they were being kicked out of their Hunters Point apartment.
Lennar's LEN stocks had sunk to $3.60 per share by mid-November despite restructuring and partnership with the financial firm CB Richard Ellis, headed by Richard Blum, a UC regent and husband of Sen. Dianne Feinstein, a principle sponsor of the Lennar-funded Proposition G.
Despite Lennar's promises to clean up toxics at this site, environmentalists point to the text of Propsition G, which states that “the final development plan for this Project Site may be materially different from the Project."
Prop G is not about development – it’s about land banking for the future. Lennar will sell off its affordable housing obligations to nonprofits, then hold out to maximize its return.