George Lucas Building Low-Income Housing Next Door To Millionaires

BarbaraHudson writes His neighbors wouldn't let him build a film studio on his land, so George Lucas is retaliating in a way that only the cream of Hollywood could — by building the largest affordable housing development in the area — and footing the entire $200 million bill, no government subsidies or grants. The complex of affordable housing, funded and designed by Lucas, would sit on 52 acres of land and provide homes to 224 low-income families, and there's very little his fellow Bay Area residents can do about it, because the land is zoned residential.

Comments

Re:Well done!

[toadlife]

In CA, the disparity in property taxes is not why some public schools have more money than other public schools. While there are some problems with how it is implemented, in CA, school funding is mandated to be equal, regardless of the local property tax revenues.

The inequity comes in when you factor in private fundraising.