Through the program, property owners will pay a small assessment that will go toward maintaining and improving parks, plazas, gardens, sidewalks and more. It’s modeled after the Community Benefit District (CBD) program, but geared toward greening a residential area, as opposed to promoting commercial shopping districts, like more conventional CBDs. [...]
“This provides a way for us to not only maintain them [the public spaces], but provide capital improvements over time.”
— NextCity
Targeted specifically in the Dogpatch and Northwest Potrero Hill neighborhoods of San Francisco, the impetus for the Green Benefit District plan began years ago, as development rates were quickly beginning to outpace public green spaces in the area. The GBD program would provide a continual source of funding for green spaces in the neighborhood, by taxing local property owners a small amount annually. San Francisco's GBD is the country's first.
More news on development in San Francisco:
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Original link?
Thanks Nam. Link added.
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