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Palo Alto in no hurry to recoup Maybell loan

Original post made on Dec 20, 2013

Palo Alto's plan to bring an affordable-housing complex to Maybell Avenue may have dissolved on Election Day, but the city is in no rush to recoup the money it loaned to the developer.

Read the full story here Web Link posted Friday, December 20, 2013, 12:00 AM

Comments (5)

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Posted by Maybell critics got it all wrong
a resident of Barron Park
on Dec 20, 2013 at 9:17 pm

Surprise, surprise, the NIMBYs who claimed they were in favor of senior housing are going to get market rate housing with FAR higher traffic, school, and other impacts than the project they shot down in such ignorance.

Why, oh why, did so many voters fall for such uninformed nonsense propagated by the opponents of the Maybell project? Maybe because local news reporters don't actually do any investigations anymore, just chase headlines?

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Posted by Critic
a resident of College Terrace
on Dec 20, 2013 at 9:46 pm

Through the campaign, I did not see an explanation as to why that site is a good one for seniors.

Now that there is perhaps less pressure to communicate campaign messages with every utterance, can someone describe this?

(I'm not asking if the city needs more senior or low cost housing, just why this is the right spot or a good spot specifically for seniors).

I ask because I do understand why it would be a good spot for families with school-age children.

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Posted by noupzoning
a resident of Barron Park
on Dec 21, 2013 at 9:39 am

@Maybell Critics -- Uh, there is plenty of low income housing here already. So the NIMBY label doesn't stick. Residents have even asked the city council and staff to try to save the low income housing that is already here and prevent these units from converting to market rates.

Furthermore, the Maybell site is not a good site for seniors. But then we are just rehashing the same issues which the election settled, like it or not.

And it still doesn't make sense to claim that by upzoning the site there will be less density! That didn't fly either and still doesn't make sense!

Neighbors welcome that the site be developed under existing zoning. What a concept!

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Posted by Margaret Fruth
a resident of Ventura
on Dec 21, 2013 at 9:53 pm

Margaret Fruth is a registered user.

I support reprogramming the $5.8 million City loan on the Maybell property to help the residents of the Buena Vista Mobile Home Park to purchase the property and become homeowners in the City we all love. This would show a good faith effort to preserve and maintain the current level of low income housing stock, by saving the largest low income housing project in the City.

My second choice would be housing for families with disabled children.

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Posted by Jerry Underdal
a resident of Barron Park
on Dec 21, 2013 at 10:26 pm

Jerry Underdal is a registered user.

I supported Measure D, but that’s neither here nor there at this point. The voters have spoken: undo the rezoning for the affordable housing project. And so has the city council : the city will not assume an ownership stake in the property and PAHC is free to sell the property, pay off its debts and move on.

As for what happens next, I have my druthers, but the market will determine what goes in there. Competing real estate developers will calculate how to make the most off this valuable property and bid accordingly.

I'm interested but not overly anxious. I do believe there will be more impact on traffic and the schools than under PAHC’s proposal, but the “nightmare scenarios” are just that. No one is going to build something truly awful at the Maybell/Clemo site. There’s lots of money to be made there in residential real estate priced to the market. Why mess it up?

I can't imagine a developer wasting this opportunity to build high-end housing, whether condos, townhouses or single family homes. Unless, of course, a particular vision of what could be done with the property, like establish a community orchard, inspires one to outbid the field.

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