The program aims to provide a secure overnight sleeping space for up to 60 families living in their vehicles.
…
The initiative comes in response to the growing number of homeless students in San Diego County, which reached nearly 20,000 last year.
cool.
The City Council has already allocated $250,000 for the project, covering approximately half the cost for the program’s first year.
um. why does it cost $500k/year? it’s city-owned land, are they renting it back to themselves or something?
or are they hiring private security, with the idea that it’s only a “safe” parking lot if there’s a rent-a-cop stationed there? because that works out to ~$1350/day, or $56/hour if they’re going to have a 24/7 security guard.
At $500k/year couldn’t they also build apartments where the lot is affordably?
In San Diego? No.
Even at just 20 years that amortizes to 10 million, assuming no inflation to costs for this parking lot. I have a very hard time believing that wouldn’t cover basic apartments.
FWIW, a check of extant multifamily housing for sale in that area shows about $200-$400K per unit.
So, building new would probably cost a little more, but I suppose low income housing could forego some common amenities. OTOH, low income housing projects in Los Angeles routinely exceed $600K per unit.
That is insane
Also wouldn’t help the people that are forced by circumstance to be living out of their cars.
Gotta walk and chew gum
