This collaborative profit-sharing initiative is easily replicable and a prime example of how circular business models can fund public spaces and sustainable urban development. Seasonal Events at Salesforce Park This elevated urban park offers something for everyone, including HIIT and zumba fitness classes, bird walks and garden tours, music and dance, family fun for children and toddlers, or even play a game of foosball. This striking, innovative, and sustainable building transforms a transportation hub into an urban experience, complete with a gondola, and topped off by a. A sociable, open space for people to gather, it’s grand and bold in design, yet built for simply having a good time. Despite the low percentage given to the project, it provided enough support capital to ensure the park could remain public and enjoyed by all. Salesforce Transit Center is a landmark for the San Francisco Bay Area. However, the project share was relatively small, and the property owners would gain most of the profits. Such a redevelopment and feature in any part of a city, regardless of the exact locality, undoubtedly adds significant value to nearby properties.ĭevelopers struck a deal with owners to share a certain percentage of this rise in property value. Except proposed an innovative profit-sharing scheme to help fund the park, encourage cooperation and actively involve nearby residents and developers with the complex.įirst, properties surrounding the park were valued by an independent and well-established third party and compared to future values - projected to five years after its completion.
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