“We’re talking about homeless housing located on some of the most expensive land on Earth, occupying what used to be a much-needed parking garage, at a cost of $2 million per unit. The value of that land was around $120 to $150 million. If they’re building 120 units on there, that’s a million dollars per unit of just land value, taxpayer land value. The council is justifying it by saying it’s very needed.”
