top
From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
Sun Aug 28 2011
Residents Protest Sale of Apartments to "Vulture Capitalist"
Sun Aug 28 2011
Wells Fargo Breaks Promise to East Palo Alto Tenants
“Don’t Sell To Zell!” shouted East Palo Alto tenants and supporters, as they rallied on August 22nd in front of a Wells Fargo branch in downtown Palo Alto. The demonstrators protested Wells Fargo’s pending arrangement with investment group Equity Residential, of which Sam Zell is the founder and chairman. The proposed sale would transfer ownership of more than half of the rent-controlled housing in East Palo Alto.

East Palo Alto is one of the few affordable communities on the San Francisco Peninsula and is home to many people of color. Sam Zell is a well-known opponent of rent control, and has jokingly called himself a "vulture capitalist". His company, Equity LifeStyle, has sued multiple California cities to invalidate local rent control laws, and funded a statewide ballot measure to end rent control in California.

Wells Fargo made a stated commitment to involve the community in transitioning the property to new ownership. Protesters accused the bank of breaking their promise to East Palo Alto tenants.

photoRead more | video Videos: 1 | 2
01/22/17 Women's Marches Across US and Worldwide Represent Largest Demonstrations in Recent Memory Racial Justice | LGBTI / Queer | Womyn | Central Valley | San Francisco | East Bay | North Bay / Marin | California | U.S. | Government & Elections | Immigrant Rights | Santa Cruz Indymedia01/16/17 120 Hours of Direct Action Across the Bay Area to Reclaim King's Legacy & Reject Trump Front Page | Police State and Prisons | Racial Justice | Labor & Workers | San Francisco | East Bay | Government & Elections | Immigrant Rights01/14/17 State's Proposal Shrugs Off Voters' Approval of Ban on Oil Waste Injection Front Page | Environment & Forest Defense | California | Government & Elections | Santa Cruz Indymedia01/14/17 Fruitvale Community Further Marginalized in Politicization of Ghost Ship Fire Racial Justice | Health, Housing, and Public Services | Arts + Action | East Bay01/14/17 Lead Poisoning in Oakland's Fruitvale District Is Worse Than Flint Front Page | Environment & Forest Defense | Racial Justice | Health, Housing, and Public Services | East Bay01/02/17 National Day of Action to Free Mumia Abu-Jamal After New U.S. Supreme Court Ruling Front Page | Police State and Prisons | Racial Justice | East Bay | U.S. | International12/25/16 Christmastime Protest Attempts to Cross Checkpoint Between Bethlehem and Jerusalem Front Page | International | Palestine12/20/16 Santa Cruz County Ranked Second for Agricultural Pesticide Illnesses in 2014 Front Page | Environment & Forest Defense | Health, Housing, and Public Services | Central Valley | California | Government & Elections | Santa Cruz Indymedia12/19/16 Civil Rights Groups Sue Caltrans to Stop Illegal Raids Against California’s Homeless Front Page | Police State and Prisons | Health, Housing, and Public Services | San Francisco | East Bay | California | Government & Elections12/18/16 Hundreds March, Rally, Demand $15 and a Union at the San Francisco Airport Front Page | Labor & Workers | San Francisco | U.S.12/18/16 Senator Boxer Calls Corporate Agribusiness Rider to Water Bill a "Devastating Maneuver" Front Page | Environment & Forest Defense | Central Valley | California | U.S. | Government & Elections
Related Categories: Peninsula | Health, Housing, and Public Services | Front Page
Inauguration Day Protest: Not Our President! Peninsula Peace and Justice Center Monday Jan 9th 3:14 PM
San Francisco Bay Is Freshwater-Starved The Bay Institute Wednesday Dec 28th 5:19 PM
Important Martin's Beach meeting re: public access Repost (1 comment) Friday Dec 2nd 12:31 PM
Tell CAL FIRE to Protect Old-Growth Redwoods Committee for Green Foothills (1 comment) Wednesday Nov 16th 10:44 AM
Mountain View: No Dakota Pipeline & Trump Protest R. Robertson Tuesday Nov 15th 10:45 PM
More Local News...
[ × close ]
Millions of Acres of Forest Will Remain Protected for Marbled Murrelets in WA, OR, CA Center for Biological Diversity Wednesday Aug 3rd 3:37 PM
Apple's social plan to beat Facebook IndyRadio/Roknich Wednesday Feb 17th 3:32 PM
Feds Launch Review of Endangered West Coast Orcas Center for Biological Diversity Wednesday Jan 27th 5:18 PM
Apple, the State and Social Rights Mark Fliegauf and Hans Springstein Monday May 12th 6:01 AM
More Global News...
[ × close ]