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A legacy business is a for-profit or non-profit that’s been active in San Francisco for 30+ years. It must contribute to a neighborhood's history or identity and commit to preserving its defining physical traits or traditions, like craft, culinary, or art forms (short video from SF Heritage on legacy businesses).
Board President Peskin has led efforts to protect these small businesses, including taxing vacant storefronts, giving grants to legacy businesses, and proposing Prop M to cut their taxes.
Many are concerned that the Mayor’s upzoning plan, which aims to significantly increase height limits on commercial corridors, will fuel speculation and disrupt vibrant, historic, and cherished neighborhoods, without adequate protections in place to prevent the displacement of small businesses.
After two legacy businesses were put under threat of closure on Upper Fillmore, by a billionaire venture capitalist, on parcels that were previously identified as candidates for upzoning, Supervisor Peskin drafted this legislation because these legacy businesses were calling for the program to have more teeth, and it became clear that there is nothing to stop a wave of real estate speculation in neighborhood corridors across the city.
This legislation requires a planning commission hearing to approve the demolition or replacement of a legacy business in a neighborhood corridor. This sends a message to developers and the planning department: Legacy businesses must be considered before destabilizing neighborhoods.
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