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Bay Curious

For Sale: San Francisco Air

Bay Curious

KQED

History, Society & Culture, Places & Travel

4.9999 Ratings

🗓️ 26 January 2017

⏱️ 12 minutes

🧾️ Download transcript

Summary

Owners of historic buildings might be able to sell the air space above their building, allowing developers elsewhere to build higher.

Transcript

Click on a timestamp to play from that location

0:00.0

From K-QED.

0:03.0

Hey guys, Olivia Alan Price here.

0:05.0

I want to give you a quick heads up about an upcoming event.

0:09.0

We're hosting a Bay Curious Trivianite in San Francisco this March. There will be

0:13.8

Bay Area themed questions, prizes, and all sorts of other trivia fun. Hang on at the

0:18.9

end of the episode for more details. All right, on with a show.

0:23.0

Last summer, Katie Chin was in her art studio.

0:26.0

I am an artist and work for an art gallery called aggregate space over in Oakland.

0:32.0

She's a big podcast listener, likes to listen to them on

0:34.8

two-time speed while she paints. I like you know trying to think about many

0:39.5

different disparate ideas while I'm painting. It's a good creative fuel. One day she got sucked into this story by the indicator from Planet Money.

0:49.0

It was about this famous deli in New York City, Katz's Delicatessen. It's actually the oldest

0:55.2

Jewish deli in the country.

0:57.1

We've been here 130 years and we've always just kind of been the center of the lower side. The owner Jake Dell was in trouble. The

1:09.2

neighborhood around the deli had gotten fancier and property taxes were expensive. The deli was on the

1:15.5

brink of shutting its doors but then del learned they were sitting under a whole lot of

1:21.2

money. In New York City you can buy and sell the air above and

1:27.2

around your building. Trade it away so a real estate developer somewhere else

1:31.1

can build taller.

1:32.9

The deli was able to stay open because they sold their air.

1:36.8

That got Katie and Oakland wondering if air could save some of the places she cares about.

1:41.4

Are there similar mechanisms that art spaces and

...

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