ordinance. the land use ordinance in effect provides multiple opportunities for the city to review conditional use permits, a plethora of development projects, including demolition, rehab, replacement of formula retail, creation of residential dwelling, and all searches. current zoning controls established a western soma planning area and the citizens task force is charged with updating plans to solidify zoning controls for the proposed special use district. formula retail is conditional affirmative and triggers the review process. there are prohibited uses within this area, etc. the next slide shows the concentration of affordable housing within the proposed boundaries. at this point, i m going to turn it back over to a need to talk about the outreach and supporters we have back over to amy. thank you. you should have a packet with a list of supporters and some letters we received in support. a number of folks have expressed support, many of whom are here. american conse
biotech companies taking advantage of the exclusion. while it is a very important and sent incentor, not every business thinks it is. we estimate that over 250 clean tech businesses in san francisco with approximately 20 taking advantage of the targeted tax breaks. we believe the tax proposal is also sound land use policy. promotes the concentration of of women in an urban core that has outstanding transit and promotes development and revitalization of a struggling neighborhood. we also believe we have heard concerns around displacement. we move that there are extraordinary other policies within the city that prevent displacement with in these neighborhoods. over 45% of the city s permanent affordable housing is located either in or adjacent to this to the boundaries of the central market and tenderloin payroll tax exemption. there is the sro payroll ordinance. the land use ordinance in effect provides multiple opportunities for the city to review conditional use permits,
that the city is receiving and former general fund revenue over the life of the program. based upon our projected job growth numbers, our estimates for twitter, we believe that they will bring 1300 jobs to central market and then grow to more than 2600 jobs over six years, and these are direct jobs. we estimate that twitter will generate 11 $6 million in cash revenue to the city on an average annual basis over the life of the exemption. this includes an estimated base pay will tax of $535,000, and then, the multipliers of the utility user taxes, sales and use tax, hotel tax, and property tax that would be generated by these jobs remaining in sanford cisco and locating in on market street. we are aware twitter itself does not pay hotel tax, but we are using and methodology provided to us by the office of economic analysis, which projects if the types of revenues that businesses generate through their business enterprises. the third column shows that in year seven, twitter co
in recognition that these disparate efforts to revitalize the neighborhood have not been enough. the central market partnership, the idea behind it is that it takes a number of stakeholders, multiple city agencies, brought private sector participation and investment in order to turn a neighborhood around, and we have learned as in other neighborhoods where we have done the commercial corridor worked. most importantly, for a neighborhood to turn around, it needs to fill its vacant storefronts and buildings with positive activity that will lead to increase retail services and much needed employment in the neighborhood. a payroll tax break for the area is not a silver bullet, but it is a game changing tool that is part of a comprehensive strategy that we think will help. there are a lot of challenges that have prevented the city from making real changes in this neighborhood. you can see from the slides, there are some things that i will not read. one of the main features of the