They need to begin paying their fair share for the vast amount of private property they cover. Are there any places too far from the 106, 107, or 101 to ride any of them? For a developer a greater profit? According to the Urbanist post linked to “no substitute for building more units” (and I have never understood why the STB links to articles on The Urbanist as though they are reference articles) these new units in downtown Bellevue will make other housing in Bellevue more affordable. This ghetto extended into what is now called Capitol Hill. So development will be saturated and reach a natural ceiling and level off. The most comprehensive formula is: Return on investment (%) = (current value of investment if not exited yet or sold price of investment if exited + income from investment − initial investment and other expenses) / initial investment and other expenses x 100%. The simplicity of the formula allows users to freely choose variables, e.g., length of the calculation time, whether overhead cost is included, or which factors are used to calculate income or cost components. Like the example that RossB cited above, my sibling bought his house in the CD around that same time period for just under $100k. But four city blocks, with a bit of a height increase in the zoning, either one bus stop away or within walking distance of Seatac Airport Station? All the stuff I’ve read indicates that it only takes a few hours for this virus to spread to infectious levels throughout an office when blown around by the HVAC system. If you want to argue that Ballard or greater Interbay (i.e. We hopefully only have to get through a few more months, get vaccinated, and then we can return to full buses, restaurants, theaters, etc. But does it make a specific neighborhood less affordable? You are just making a ridiculous claim. The PSRC is unbalanced. Upzoning leads to higher underlying land prices which leads to new construction which is the least affordable which leads to neighborhood gentrification which leads to displacement. It’s just two RapidRide stops from Crossroads, the lowest-income, most diverse, historically densest part of the Eastside. It can be used by any entity to evaluate the impact on stakeholders, identify ways to improve performance and enhance the performance of investments. I noticed they are demolishing the parking garage next to the Bellevue TC. If you upzone one lot lot the price will increase because it’s a scarce resource. I personally see a three day in-office work schedule at first, which is a 40% reduction, especially if transit is seen as not safe. The house sold for $127,000 in 1987, then $540,000 in 2008, and $920,000 in 2019, now it would go for over a million. It doesn’t create workforce housing or low-income housing when the region’s median housing price is already way above that. Agreed. Ok, the first two are likely, the second two are not, if history is any guide. Subcontracted routes are doing fine in Community Transit How much time and effort goes into blatantly negative things like this instead of actually building our infrastructure? Pfizer even published a study today that shows barely any decline in their vaccine efficacy 6 months after vaccination , so it seems likely that vaccination will be durable for years, or maybe even life. https://www.psrc.org/sites/default/files/rgc-profile-seattle-downtown.pdf Holy smoke, SeaTac is the land of parking. The city could then purchase some surrounding homes and lands to make the golf course buildable. Not important. And in 3.5 years it gets even better when they can just omit the bus altogether and get a frequent one-seat ride on LR. Just look at the areas that didn’t have a zoning change. I have been through there a few times. Suddenly there were people who wanted to live in the CD and commute the Eastside. The solution is to upzone areas *not* dominated by POC, but the Queen Annes and Wallingfords and Ravennas of the region have enough generation wealth and power to fight the possibility that anyone other than a highly-paid family could be their neighbor. Was the 249 the route on north Bellevue Way? Is that modern progressiveness? The underzoning of Surrey Downs is a disappointment but Bellevue is intransigent about that. It is worth noting that they are building a lot of houses in Seattle. I grew up toward the end of busing. These folks need to take transit because they can’t afford a car, and they need transit NOW, so the upzoning can be very dense, and not like the mild upzones Seattle has adopted for its residential neighborhoods, so small and affordable units to build are allowed. It has a major employment center, 2 LR stations squarely along the city centerline, and a 3rd LR station at its northeastern boundary in the form of TIBS. If you replace a house with three houses or six apartments/condos, each of those will cost less than the house even if all of them together are more. The SeaTac parking requirements link goes to the Seattle Has the Space article, Seems like this is the correct link: https://seatacblog.com/2021/03/26/rewriting-seatac-parking-rules-could-mean-tremendous-amount-of-congestion/, Sea-Tac already has an “El”. We should absolutely be looking for SeaTac to grow along the 99 corridor. Ya, it took two incomes, but they got it done. “until it reaches Bellevue, which is upzoning like crazy downtown, except most new space is commercial and the new housing is astronomically expensive”. The CD is easier to upzone and create density because existing single family houses are small and the values aren’t a big sacrifice to lose if demolished in favor of row homes. I didn’t get the idea from the author Blacks felt the diaspora was for their benefit, like TT does. Today it’s down to 5%, and Asian are the majority at over 80%. They mention the Chicago study as a case where upzoning led to higher land valuations but didn’t result in an increased housing supply in the impacted area. For example, social return on investment (SROI) is a principles-based method for measuring extra-financial value (i.e., environmental and social value not currently reflected in conventional financial accounts) relative to resources invested. What Nathan doesn’t understand is this warranty was amended in 2019 to significantly reduce the tail. Worse yet, you have ignorant (but well-to-do) parents who send their kids to private school, or hide out in white, well-to-do suburbs. Nevertheless, one thing the HSR study might be underplaying is the well known phenomena of “induced demand.” It doesn’t only apply to highways. But those aren’t growth centers. To others, “upzoning” apartment buildings of 65 feet or higher. For example, take a look at central Magnolia. KUALA LUMPUR (April 8): One of the most anticipated annual business events, the 5th Selangor International Business Summit (SIBS) 2021 will return with a hybrid edition at the Kuala Lumpur Convention Centre from Oct 7 to 10 this year, showcasing Selangor as a premier investment destination.Selangor State Executive Councillor Datuk Teng Chang Khim said the return of SIBS 2021 … There isn’t going to be an “invisible hand” driving housing prices down in the future unless the economy falls out (and I bought my current house in 2009 and it did not return to its assessed value until 2016) , and even then that will likely be Seattle specific with businesses moving to the eastside, but probably not. By definition B, most of Bellevue’s land area is suburban (single-family neighborhoods) and its dense inner city is car oriented (high parking minimums, superblocks, wide streets, coverage-level off-peak transit [with some exceptions]). Upzoning for Blacks in the Central District was a diaspora. No wonderful views like in Magnolia, Ballard or Queen Anne. It has been gone long enough that my newer Seattle friends do not know about it or think I am making it up. Most Eastside cities require 3 onsite parking stalls (covered and uncovered) for a single family house, and street parking becomes a big issue when multi-family housing is allowed 1 or 2 stalls/unit on the Eastside. I found this out when the drivers wouldn’t stop playing EDM/Techno over the intercom (good tunes, but inappropriate use of the intercom system) and/or the radio loud enough to be heard in the back of the shuttle bus. There are little-known parts of SeaTac that are traditional suburbia. HSR is really an investment to help guide development for the next 50-100 years, perhaps even more so than meeting current travel demands. Taken from CT’s 2020-2025 TDP: “Community Transit operates Sound Transit Regional Express Bus Service between Everybody profits except the elderly renter in the older multi-family unit. Once they started making better incomes, they moved to the burbs. Transit’s commuter routes to downtown Seattle and all Community Transit-contracted Sound Transit Regional Express Bus routes are operated under contract with First Transit, Inc. out of the Kasch Park Operating Base in southwest Everett.”. : 1 promised to keep it beyond that Seattle entirely is good for ” the folks who live.. Feet, but obviously some never read it get back to secure vehicles overnight because you this. Comes back a massive increase in high value cities PSRC encourages growth in areas Magnolia... Is our antiquated, classist ( and becomes wetland ) about $ 950k in,! Aren ’ t believe in doing April Fools early ’ t reward this bad behavior with cash... Then there are only three the final date that at 50 % capacity now anymore because zoning forbids it people. Current “ zoning ”, ( not density ) net present value ): most textbooks describe it with lower. 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