To the Menlo Park City Council,
For your information:
Daily Post page 6 12/10/25
>> Alta Housings building cost = $1 million/ unit.
>> The average rent for such an apartment in Menlo Park is $5,000+ per month.
>> Who will pay to "subsidize the rent"?
>> Who are the people who will be able to afford the rent without a taxpayer subsidy?.
>> Time to construct 120 units on Mountain Views Parking lot =2 years
>>
>> Menlo Park wants to build 345 or up to 483 units SUBSIDIZED APARTMENTS!!!
>> How long will it take to build 4 times as many apartments?
>> 4 + years?
>>
>> Conclusion: 7 story buildings on Menlo Parks business parking lots costing $500+ million and NOT including enoughparking, IS UNWORKABLE!
>> Start looking for a better location for State Mandated low cost apartments.
>> Michael DeMoss, Resident and Commercial Real Estate Attorney
