In order to build this huge hotel the developer is asking the City to grant him a significant increase in the amount of permitted square footage. The proposed justification for this very valuable gift from the City is that the developer will pay his legally required Transient Occupancy Taxes!! There is NO public Benefit to this project - no public park, no public art, nothing tangible except a legally required payment of taxes.
The granting of a PBB for the payment of otherwise legally required Transient Occupancy Taxes makes
no logical sense and is instead a Blight Tax imposed on the surrounding properties who bear the impact
of the PBB but who receive no value from that so-called public benefit.
Seventy six Menlo Park residents have signed this petition:
Remove Public Benefit Bonus from ECR-NE Low Density zone
by: Peter Carpenter
Location: Menlo Park, CA
76 SUPPORTERS IN MENLO PARK
The ECR NE-Low Density District is located on the east side of El
Camino Real at the northerly boundary of the City of Menlo
Park and is characterized by a mix of smaller format retail,
restaurant and personal service uses, office uses, motel
and residential uses. The area is directly adjacent to single family
and medium density residential uses.
The current Downtown Specific plan places a 0.75 FAR on developments in this zone but also allows a Public Benefit Bonus of 1.10. This Public Benefit Bonus FAR effectively negates the Low Density designation.
The City Council is preparing to conduct a biennial review of the Downtown Specific Plan.
We the undersigned request that the Public Benefit Bonus be removed from the ECR-NE Low Density zone since the FAR allowed by that Public Benefit Bonus is inconsistent with the designation Low Density.
Should these super development rights simply be sold to the highest bidder?
What else is the City prepared to sell?