Dozens of tech companies want to bring 4,400 homes to this small town — and residents are furious

The sleepy town of Brisbane, California, located on the outskirts of Silicon Valley, is poised to become the next major housing destination in the Bay Area, with help from the tech industry.

Leaders from nearly three dozen tech companies, including Salesforce, Yelp, AT&T, Comcast, and Square, signed off on a letter to local officials last week, urging them to consider a development proposal that would add seven million square feet of commercial space and 4,400 housing units to the small city, according to the San Francisco Business Times.

The Brisbane Baylands project has received sharp criticism from people living in Brisbane, who don't want to see an influx of tech workers change the character of their neighborhoods. The project would more than triple the city's population of about 4,600 over the next 30 years.

RELATED: Check out the most stressful US tech companies to work for:

11 PHOTOS
The most stressful US tech companies
See Gallery
The most stressful US tech companies

No. 10: SAP

% High Job Stress: 65%

Mid-Career Median Salary: $143,000 

Photo credit: Reuters 

No. 9: Intel

% High Job Stress: 65%

Mid-Career Median Salary: $126,000 

Photo credit: Reuters 

No. 8: GoDaddy

% High Job Stress: 67%

Mid-Career Median Salary: $99,000 

Photo credit: Getty

No. 7: Fujitsu

% High Job Stress: 68%

Mid Career Median Salary: $108,000 

Photo credit: Getty

No. 6: Uber

% High Job Stress: 70%

Mid Career Median Salary: $149,000 

Photo credit: Reuters 

No. 5: Tesla Motors

% High Job Stress: 71%

Mid Career Median Salary: $110,000 

Photo credit: Reuters 

No. 4: Samsung

% High Job Stress: 74%

Mid Career Median Salary: $135,000

Photo credit: Reuters 

No. 3: InsideSales

% High Job Stress: 75%

Mid Career Median Salary: $107,000

Photo credit: PayScale

No. 2: Airbnb

% High Job Stress: 75%

Mid Career Median Salary: $123,000 

Photo credit: Getty

No. 1: SpaceX

% High Job Stress: 86%

Mid Career Median Salary: $80,800 

Photo credit: Reuters

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

At a meeting of the Brisbane City Council on August 8, local officials heard from residents and housing advocates in a meeting to decide the proposal's fate. Protesters came from across the region, passing out "Build housing" stickers and carrying signs that read "Boycott Brisbane!"

"We are a little town. We are unique. There is no other place like Brisbane until we get far away from here," said resident Carolyn Parker in an interview with local paper, The Daily Journal.

"We did not create the housing crisis in the Bay Area and we should not be the solution to the entire Bay Area's housing crisis," resident Karen Cunningham told the Journal.

An increase in housing supply could bring other changes to the waterfront community. The additional 4,400 units of homes and apartments could lower the value of existing homes.

brisbane california silicon valleyGoogle Maps screenshot

City council members pushed the vote on the mixed-use development to the end of August.

The tech industry has come together in recent months to support pro-housing initiatives, as the cost of living in the region makes it harder to recruit and retain tech workers.

In a letter to the San Mateo County Board of Supervisors, tech moguls including Salesforce's Marc Benioff and Yelp's Jeremy Stoppelman described the Brisbane Baylands project as a "once-in-a-generation opportunity" to make progress on the area's housing imbalance.

NOW WATCH: Inside the exclusive multimillion-dollar San Francisco street that a couple bought for $90,000

More from Business Insider:
Nobody wants to buy this 214-room mansion in Silicon Valley that's on sale for $36 million
A photographer captured portraits of underrepresented people working at Google, Facebook, and Apple
A couple bought one of the most exclusive streets in San Francisco for $90,000 — take a look inside

SEE ALSO: Take a look inside the former radioactive-waste site off the coast of San Francisco that's turning into a $5 billion housing development

Read Full Story

Markets

NASDAQ 6,426.92 4.23 0.07%
S&P 500 2,502.22 1.62 0.06%
DJIA 22,349.59 -9.64 -0.04%
NIKKEI 225 20,296.45 -51.03 -0.25%
HANG SENG 27,880.53 -229.80 -0.82%
DAX 12,592.35 -7.68 -0.06%
USD (per EUR) 1.19 0.00 0.02%
USD (per CHF) 0.97 0.00 -0.08%
JPY (per USD) 111.99 -0.46 -0.41%
GBP (per USD) 1.35 -0.01 -0.62%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.