News Feb 6, 2025 at 4:30 pm

Contribution Records Show Most of the Money Funding Prop 1B Isn’t Even from Seattle

Who's funding the 1B campaign? FRANK OKAY

Comments

1

“Amazon, Microsoft, and T-Mobile (totaling $220k in non-Seattle donations)” are all companies who employ folks in Seattle city limits - not sure why we are branding them as some outside carpetbaggers. My assumption is most of the 1a funding will be paid by these companies (at least until their accountants do their voodoo).

My issue is I don’t trust an organization that pimps out homeless people (versus actually paying their sellers minimum wage) - these folks are morally no different than the shitty gig economy scams.

I suspect this is monorail 2.0 - good concept ran by a fringe / unelected board (we have enough of these - if we’re talking tax payer money, then taxpayers need to have direct control). I foresee a bunch of wasted money (that could have been spent on our most vulnerable).

2

"The original proposition—1A on your ballot—"

That was not the original proposition. Social housing was advertised as "self financing", i.e. they'd sell bonds to raise cash and use the higher rents from the mixed income units to pay off the bonds. The fact that it wouldn't cost the city anything was a large part of its appeal.

From The Stranger's endorsement of I-135:
"This developer would scoop up old hotels or else build new, green housing, all financed with bonds against expected revenue from rents."

From the supporting statement in the voter guide:
"These homes would be financed through municipal bonding and wouldn’t take resources away from existing affordable housing."

Now, not only is it not self financing as was promised, but they want $50 million/year basically forever, with "oversight" provided by a board stacked with the "lived experience" crowd that already ran the Regional Homeless Authority into the ground. I'll be voting 1B. Let them show they know what they're doing before giving them a blank check.

3

Thank God for the out-of-towners trying to kill this social housing boondoggle. The Government should limit itself to ensuring housing is safe and non-discriminatory and otherwise let the private market figure it out.

4

Typo - "Bernie Sanders’s" does not need an extra "s".

SPL can help you - https://seattle.bibliocommons.com/v2/record/S30C3061796


Please wait...

Comments are closed.

Commenting on this item is available only to members of the site. You can sign in here or create an account here.


Add a comment
Preview

By posting this comment, you are agreeing to our Terms of Use.