Steve Pomerance

I want to catch up on a number of Boulder topics where significant progress has been made, and to acknowledge the majority of the City Council for making this happen. I’m serving on the elections working group. In just two meetings we’ve resolved the basic issues around the municipal initiative process that was upset by ballot issue 2Q. It appears that we will have a process ready to be put on the ballot as a charter amendment this November. It will be similar to the one that existed prior to 2Q but with some significant improvements. We haven’t started on the effort to shine light onto “dark money.” But given the council’s clear direction to push the envelope on this one, I am confident that we can come up some good strategies that will reveal the big money donors behind the ads that push certain candidates but avoid saying the magic words “vote for” or “vote against” that would trigger their being regulated. The council majority has kept its promise to increase the jobs-housing

The situation is depressingly simple – new development imposes costs that it doesn’t pay for. So either the rest of us pick up the tab, or the situation gets worse. To unpack this a bit, every new employee requires housing, which pushes up housing prices. We are at the point now where over 50% of new employees would need a very significant financial help to live in Boulder, or even in the rest of the county. So you understand the math, if the average new employee in a particular type of business requires 100 sq. ft. of floor space, and it costs $100,000 to buy down the price of a new housing unit to make it affordable for that average worker, that’s $100 per sq. ft. And per Keyser Martsen Associates, a very well respected California firm that has done numerous such studies, the actual cost to provide affordable housing for new office workers in Boulder is $129.49 per sq. ft. (as of two years ago), with other types of uses varying from slightly higher to considerably lower. The cu