San Anselmo seminary neighbors want more money for drainage, street projects
by Richard Halstead
Neighbors of the San Francisco Theological Seminary in San Anselmo took to the street this week to show their ire: They’re upset because they believe the seminary is not going to pay the town enough for drainage and other improvements as part of a major rebuilding project underway.
Martin has questioned the seminary’s estimate of the cost of the development project. The seminary estimates the cost at $15 million; but Martin believes it is closer to $20 million.
Martin said he found the $20 million estimate in a report that the Marin Economic Forum prepared for HartWest, the seminary’s construction consultant. Martin says projects of this kind are typically assessed 3 to 5 percent of the total construction cost to pay for frontage improvements. By that standard, Martin asserts the seminary should be assessed at least $600,000 to pay for frontage improvements.
Read Entire Article: Marin IJ
