Just this morning, a statistic came up in a class of mine that I remember seeing last fall. A
study from UCLA showed that many NIMBYs simply don't like development when they think about the developers making profit.
As a born and bred Boulderite, I consider myself to be pretty far on the left end of the political spectrum. But when I hear this kind of rhetoric coming from the anti-development crowd, I can't help but wonder what kind of cloud their head is in. I'm sure that developers occasionally net more profit than they need to, but short of opening their financial books, who are we to say whether 180 market-rate units is "too much"? Is the expectation that all real estate development in historically lower-income areas should be 100% non profit? That sounds ridiculous, but it's an honest question - a lot of people act as if this is how they feel (preaching to the choir a bit on this forum of course).
The last time I checked, grocery stores are complicated to accommodate and are not always the most profitable use of real estate. Considering that this developer is also adding 10% affordable units, I'd say they are going above and beyond what is required.
Now that said, we density advocates should probably also open our blinders just a LITTLE BIT. It is perfectly relevant to discuss race here, because this neighborhood was historically subject to racially based redlining. As a society, we DO have a responsibly to not simply brush this away and deny that fact. And gentrification is as much about the kinds of places where people gather - the loss of certain churches, schools, community centers, or even places as unassuming as a food bank - as it is about housing. It is about the loss of COMMUNITY.
But with that reality on the table, the question (in my mind) becomes about how this should be addressed. Should the city put forth money and effort as a government, or do we expect private developers to address all of these issues when developing? Or just let these historically segregated neighborhoods continue to stagnate? And back to my original point - do social justice advocates think that development should simply always be a non-profit endeavor? That all new housing should be social? That's a pretty extreme position to take, but if so, then that discussion needs to be had in the political sphere and outside of snarky comments on social media.