Town Square

Post a New Topic

Facebucks: Economic impact study released

Original post made on Dec 6, 2011

With all the fanfare over Facebook relocating to Menlo Park,the question of why that was such a boon to the city sometimes led to hazy answers: "This is fantastic!" "Why?" "Because it's Facebook, and fantastic!" But now there are some concrete answers in the form of an economic impact study.
[Web Link ■ ==B Facebook: Draft environmental and fiscal impact reports will be available Dec. 8.==]

Read the full story here Web Link posted Tuesday, December 6, 2011, 9:17 AM

Comments (8)

 +   Like this comment
Posted by Menlo Renter
a resident of Menlo Park: Menlo Oaks
on Dec 6, 2011 at 2:12 pm

Yeah, congratulations to the hotel industry for their windfall, but us lowly housing renters in Menlo Park are not really enjoying the 40% increase in rents since same time last year, and almost no vacancy/availability thanks to 9400 employees moving into the neighborhood. Thankfully we have their spectacular demise to look forward to in the (hopefully) not too distant future (can you say Friendster? or MySpace?).


 +   Like this comment
Posted by Charlotte Willner
a resident of Menlo Park: Central Menlo Park
on Dec 6, 2011 at 2:41 pm

As a Menlo Park native and a Facebook employee, I couldn't be happier at the Book's choice of hometown. Despite a few snags with street parking at the old Palo Alto digs, we loved our neighbors and our neighborhood, and I hope that will be even more true at the new MPK campus. And don't worry, Local Renter: most Facebookers seem to consider themselves too hip to live locally, preferring to clog the Mission and the Marina. We locals are fairly few and far-between!


 +   Like this comment
Posted by Faceplant
a resident of Menlo Park: Felton Gables
on Dec 6, 2011 at 9:41 pm

Facebook hired a "consulting firm" to put together a glowing report showing all the positive results of having Facebook move to Menlo Park. Why did they spend the money, you ask? Well, because the real, impartial report, the EIR, will be released in a few days. Facebook hoped that residents would find their report so beguiling that they would be oblivious to the realities presented in the EIR.

Make no mistake, folks. The EIR is going to include some pretty negative impacts. (No, I haven't seen it, but I can guess. And if you commute on 101, or use Willow or Marsh during peak hours, you can intuit what the #1 negative impact will be.)

Facebook's presence may ultimately prove to be an asset. But our planning commission and council are going to have to put some constraints on their use of the property. If Facebook is betting that releasing a puff piece will motivate residents to attend city meetings and protest on behalf of Facebook, they may soon realize their promotional investment was misspent.

No knocks against Facebook. They're only doing what they think they need to do. But Almanac, you could have done a better job of reporting this "report" for what it is rather than falling under the spell of whatever muppet bought you lunch and charmed you over the creme brulee and espresso.




 +   Like this comment
Posted by patience
a resident of Menlo Park: Allied Arts/Stanford Park
on Dec 9, 2011 at 4:01 pm

The secondary revenue must be scrutinized carefully so it's not double counted by the Bohannon project (hotel tax and restaurant usage for example) or by the El Camino plan (restaurant and retail patronage). I'll bet it is duplicative. A good investigative reporter with some financial knowledge could ferret out this.


 +   Like this comment
Posted by Hmmm
a resident of another community
on Dec 9, 2011 at 4:19 pm

Thank you, Faceplant. You took the post right off of my keyboard! Well, except your post was more cogent than mine.

I am glad for the city & county revenue, but I know the EIR has the real info & it's not all "likes". Here in EPA, many will also be negatively impacted by Facebook traffic. Let's hope that there's some balance w/the give & take.


 +   Like this comment
Posted by Peter Carpenter
a resident of Atherton: Lindenwood
on Dec 9, 2011 at 4:25 pm

Hmmmm states"Here in EPA, many will also be negatively impacted by Facebook traffic. Let's hope that there's some balance w/the give & take."

Read the Draft EIR and you will find almost no mention of East Palo Alto - or any other impacted entity except CalTrans.

Menlo Park is a corrupt Lead Agency which refuses to even acknowledge the impacts on other entities.


 +   Like this comment
Posted by Hmmm
a resident of another community
on Dec 9, 2011 at 4:34 pm

Thanks, Peter, I shall. Fwiw, I don't need a report to tell me something that of course I saw before when Sun was there. This reminds me of the saying "The more things change, the more they stay the same,".


 +   Like this comment
Posted by Amina
a resident of Menlo Park: The Willows
on Apr 1, 2012 at 3:31 pm

First of all, the construction jobs are temporary. Second, it's not the Menlo Park & East Menlo Park residents who will be working there. Third, FBs' young workers will head straight to SF for their nightlife. Fourth, FB provides food and many other services on campus, so don't look for lunch time trade.

Meanwhile, we will have to deal with the traffic congestion, which is already bad. I seriously doubt that Facebook will bring the mega dollars that Menlo Park hopes for.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Mixx, Scott's Seafood replacement, opens in Mountain View
By Elena Kadvany | 14 comments | 3,300 views

Ten Steps to Get Started with Financial Aid
By John Raftrey and Lori McCormick | 1 comment | 2,333 views

To Cambodia With Love
By Laura Stec | 4 comments | 2,320 views

All Parking Permits Should Have a Fee
By Steve Levy | 23 comments | 1,758 views

Itís Not About The Officer Or The MomóItís About All Of Us
By Erin Glanville | 8 comments | 649 views