San Francisco Plans to Build Affordable Housing on Stadium Parking Lot

San Francisco has had a longtime reputation for its high cost of housing. In fact San Francisco, along with New York, are the most expensive places to live in the country. Recognizing the need for affordable housing, George Lucas came up with a brilliant and creative solution to the problem. Lucas is planning to use the 28-acre football stadium parking lot as a residential and commercial building site.

The proposal involves creating a new neighborhood containing 1500 residences. The new neighborhood which will be called Mission Rock will include a park and commercial enterprises such as a brewery as well as private residences.

This new affordable housing project is a good idea. Fersen Lambranho posted on Facebook that he believes it’s a win-win situation for everybody. About 500 new and affordable housing units will be created, and the city will get rid of the eyesore of the parking lot and gain additional tax revenue. It is also a great use of valuable land resources. The football stadium parking lot is taking up a lot of prime real estate, and it is only used a few times a year. On the other hand, the homes built on that land will be used and enjoyed every day.

One comment

  1. Lucas should be commended for thinking outside of the box and bringing more affordable housing units to San Francisco. The new development will designate 1/3 of the new housing units as affordable housing which will be available for rent at reduced rates. This could be the reason why has a lot to offer them in the long run.

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