Posted on 08/15/2024 4:52:31 AM PDT by from occupied ga
Costco, the international bulk grocery chain known for its warehouse looks and difficult-to-beat deals, is hard at work on what could be considered its biggest new product launch in years: affordable housing.
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but a whopping 800 residential units, including 184 set aside specifically for low-income tenants.
The redone site will not only encompass the store and 800 individual apartments, it will also include a fitness area, multi-use community space, multiple courtyards and landscaped paths, a rooftop pool, and other amenities like gardens. Oh, and lots of parking too, of course.
CONTINUED AT THE LINK - Diagrams,etc
(Excerpt) Read more at sfgate.com ...
I'm sure Kalifornistan's Yuppie population will love mixing with them, and I suspect it won't be long before the low life trashes all of the common areas. Plus once the CIty government decides that there will be a moratorium on evections because the wind is blowing from the left, Newsom's hair gel supply ran out, etc. Costco will be hemorrhaging money
Yes, that will be interesting.
I went law school at Costco.
i think you summed up all the relevant factors and likely outcome quite nicely ...
The affordable housing requirement is just a tax on building new apartments. What would happen to the price of gas if gas stations were required to give away 20% of their gas at below market prices to poor people?
And yet leftists think this will reduce the cost of housing.
Costco Executive Meeting...
CEO: We’re getting killed in California with shoplifting! We’ve got no choice but to close stores.
CFO: We’ll take a beating on the drop in revenue - such as it is with California - and on our ROA.
CEO: Any ideas from the group?
COO: If you can’t beat them, join them. Convert stores to low income housing. We eliminate the shoplifting and we get guaranteed revenue from the state, to include reimbursements for any damages done by the lowlifes.
It’s worse than that. Other than forcing the other 80% of gas users to pay for the 20% of freeloaders (Which is of course how welfare works now) at least the 20% wouldn’t trash the gas station and make it unusable for anyone else. With housing the rotten apples ruin the whole barrel.
So if the criminals live on top of a Costco, is it easier to steal from the Costco or a deterrent?
A housing activist in the article jokingly called it a “Costco prison”. That’s probably what’s really coming next.
YOU will be robbed Blind, COSTCO! REMEMBER, Kamala made it possible to STEAL $950.00 at a time!!
The rendering makes it look like a great place to live; walls of greenery and low cost.
Just talking about it is masterful marketing for the Costco brand.
May never be built but it is great marketing of aspirations. Costco really cares about me!
Our Costco here in suburban DFW is like going to Calcutta, it’s all Indians (dots) there.
If COSTCO allows people to self select ‘neighborhoods’ to live at (within the mega-structure) this just might work. Imitate the natural selection process of a free and healthy community.
If people are placed ‘first come first served’ it’ll fail.
I wonder where the “housing activist” lives? It seems to me that Shakespeare was a little off when he wr.ote, “The first thing we do is, let’s kill all the lawyers.” He should have written first thing we do is kill all of the activists (and I include “community organizers” in this description)
Indians (Dot) know a good thing when they see it. Our local costcos are the same with plenty of Chinese/other Asians mixed in.
Do not forget ... which may be a primary source of loss ... pilferage from out the back door ... either staff or straight-up thievery.
Don’t think that the only source of loss comes through the front door.
We have it better here in the Va suburbs of DC, Costcos are like going to Seoul.
I’m sure we will all love living in a 15 minute village.
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