Yu ying 2m office-yuying
- 1. How much more office space Cupertino needs? • What ABAG projects: – By 2020: 156,000sqft – By 2035: 805,000sqft • What APPLE II required: – By 2020/2035: 750,000sqft • What BAE projected in addition to Apple II: – By 2020/2035: 2,000,000sqft • 13 times of what ABAG projects by 2020 • Twice what we need in 20 years – This is dramatic over-provisioning 12/16/2014 1
- 3. I am CONFUSED • Vallco’s office space capacity is 1,000,000sqft, Why assign to it 2,000,000sqft? • We can spread out the office space across the city, Why concentrate on Vallco? • How much more tax gain we can get? – Sandhill says $4M a year? Is that true? • How much city has to spend to mitigate the impact? – City hasn’t give us an answer. – Apple paid $40M for Pruneridge Closure impact • 2M sqft office on Vallco, Are we winning or losing? 12/16/2014 3
- 4. • Back up slides 12/16/2014 4
- 5. Traffic impact • Assuming 9000 cars go to vallco office, at 30mph on wolfe • For a 120ft wide intersection, 20 cars/lane can pass in one minute. • It takes 7.5 hours for the 9000 cars pass through one intersection at the speed of 30mph. • Possible Mitigation Plan from my view: 4 dedicated lanes for Vallco workers without traffic light to stop --- how much would that be? • Not yet including existing traffic (26K in+19K out + Apple II + north/south through traffic) 12/16/2014 5
- 6. The next slide confused me more! • It is from city clerk, and it is SO different from the official on-line report 12/16/2014 6
- 7. 12/16/2014 7
- 8. WHY?? BAE, our hired consult, says 12/16/2014 8
- 9. Reality: tons of small and mid-size companies are also looking for office spaces • Office space: 200sqft/employee • ABAG Projected 7000 new jobs in Cupertino by 2040 • Assuming it excludes Apple II, we only need 1.4M sqft by 2040, not 2M by 2020. 12/16/2014 9