Breaking the SF Doom Loop: Convert Downtown Offices Into Student Housing

By Josh Koehn, Kevin Trong : sfstandard – excerpt

Since the start of this year, a rotating cast of San Franciscans have been gathering for dinner and drinks while discussing the city’s most pressing problems. Rather than the typical bitchfest, this discreet group of tech entrepreneurs, nonprofit leaders, elected officials and City Hall commissioners spends less time bemoaning what’s wrong and more time noodling on solutions…

Bilal Mahmood, a startup founder and neuroscientist who finished third in a state Assembly special election last year, designed the dinner parties after the Junto Club, a 12-member group of tradesmen and artisans formed by Benjamin Franklin in 1727…

But as Mahmood and his guests discussed the state of Downtown over karaage, sashimi and wagyu at Ozumo, an upscale Japanese restaurant near the Embarcadero, one guest floated an idea that seemed to linger. Zach Klein, the venture capitalist and co-founder of Vimeo, suggested San Francisco should create a new university, or at least a vast array of college student housing, in the downtown core…

The theory goes: Vacant commercial towers in San Francisco will likely never again reach capacity, but they could be converted to student housing by public universities, which are exempt from much of the red tape that otherwise stymies development. These schools also receive substantial tax breaks, making the cost of such projects “pencil out.” Large cohorts of new, young residents would not only make use of the buildings themselves but also reinvigorate Downtown by supporting local restaurants, bars and other small businesses…(more)

They might run some construction classes as they convert the office buildings into housing since the trades are having trouble finding trained professionals in those fields. Teach some real life skills that the students may use to pay their way through college. They might even be able to avoid taking out those high interest student loans.

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