![]() Following eight years of construction, SF’s new 2.2 billion Transit Center was shut down after having only been open for about 6 weeks when two cracked steel beams were found. ![]() This collaborative profit-sharing initiative is easily replicable and a prime example of how circular business models can fund public spaces and sustainable urban development. After being closed for a little more than 9 months, the Salesforce Transit Center and rooftop park are finally scheduled to reopen on July 1, 2019. On Monday the tallest building in San Francisco, which opened for. Despite the low percentage given to the project, it provided enough support capital to ensure the park could remain public and enjoyed by all. Salesforce Tower is opening its top floor to the public, but before you ascend those 61 stories, beware the fine print. However, the project share was relatively small, and the property owners would gain most of the profits. ![]() Such a redevelopment and feature in any part of a city, regardless of the exact locality, undoubtedly adds significant value to nearby properties.ĭevelopers struck a deal with owners to share a certain percentage of this rise in property value. Except proposed an innovative profit-sharing scheme to help fund the park, encourage cooperation and actively involve nearby residents and developers with the complex.įirst, properties surrounding the park were valued by an independent and well-established third party and compared to future values - projected to five years after its completion.
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