The corporation backing Measure D claims that they cannot obtain all of the grants & loans (apparently there is at least one loan other than the sweetheart loan the City of Palo Alto awarded to them) with just a 41-unit apartment building at Maybell. But they can build the 60-unit building they want to build, without any modifications to to the existing design, through a density transfer from the rest of the land.
They also claim that their budget will not balance without the twelve luxury homes planned for two-thirds of the land. I have been attempting to obtain evidence which supports this claim since July 22, 2013; when and if I receive any I’ll get back to you. Until and unless we do, please vote NO on Measure D.