Downtown San Jose tech campus could be jolted by city fee wrinkle

Downtown San Jose tech campus could be jolted by city fee wrinkle

4 years ago
Anonymous $GRbK1oXs9y

https://www.mercurynews.com/2020/06/15/downtown-san-jose-tech-campus-jolted-city-fee-wrinkle-commercial-real-estate-office-development-google/

SAN JOSE — The city of San Jose’s plan for a cap on fees related to development projects in the Diridon Station area contains a wrinkle that could greatly raise the costs of building what would be an iconic tech campus in the downtown district, according to business executives.

Platform 16, envisioned by its principal owners and developers Boston Properties and Canada Pension Plan Investment Board as a tech campus totaling 1.1 million square feet in downtown San Jose, broke ground in March.