On Tuesday, the San Jose City Council voted 10-1, with Council Member Johnny Khamis being the lone dissenting vote, to direct city staff to move forward with a nexus and feasibility study for a commercial linkage fee. Of particular importance is the fact that, per the Council, the study should include high tech offices, along with other building types such as hotels and single user offices.
The studies will yield the data necessary to ascertain what fees are needed to mitigate the increased housing crisis that comes with the development of large, wealthy companies, such as Google’s mammoth 8 million square foot mega campus.
Commercial linkage fees are charged to developers of new retail or office properties and used to fund the development of affordable housing.
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