Dangerous Ideas

It’s sad when people who build a place get pushed around and eventually can’t afford to live in the neighborhood they made a desirable destination. CJWP has been involved in the effort to get low-income housing reinstated at the Pacific Renaissance Plaza. Many of the people who were displaced were elderly, disabled, poor, and/or monolingual. Their homes at PacRen were important not only because they were affordable housing, but because they were in the heart of Chinatown, where they could see doctors, friends, and others who speak their language. The tenants’ battle has made some great progress, but it’s a complicated situation. From the Oakland Tribune:

The city purchased the space — plus 50 affordable residential units — for $40 million as part of a settlement agreement to end a drawn-out lawsuit with developer and owner Lawrence Chan.

The city hopes to retain the 50 affordable units, but needs to recoup its expenses — not only the $40 million but also several million dollars in lawyers fees, said Carl Chan.

The article talks about how some commercial tenants hope to buy the property but that it might be hard for them to compete with large developers:

If they go with the highest bidder — (possibly) an outsider with deep pockets — rent will increase and we cannot afford to stay here, said Wong, who hopes the city will give current tenants a chance to buy the property, even if they are not the highest bidder.

Wong and others point to Lawrence Chan as an example of an outsider — a Honk Kong-based developer — who doesnt have the communitys interest at heart. The business owners — many of whom own and work at their shops six or seven days a week for long hours and are familiar with the community — want to keep the plaza a vibrant center of Chinatown.