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
02/17/17 Santa Cruz DA Won't File Charges Against Police Officer Who Killed Man Holding Garden Rake Police State and Prisons | Health, Housing, and Public Services | Santa Cruz Indymedia02/16/17 Nationwide Ramp-Up of Highly Militarized ICE Raids Includes California's Central Coast Front Page | Police State and Prisons | California | U.S. | Immigrant Rights | Santa Cruz Indymedia02/15/17 Number of Monarchs Overwintering in California Remains Low Front Page | Environment & Forest Defense | California | U.S. | International | Americas | Santa Cruz Indymedia02/15/17 Civil Rights Groups Condemn New York City's Fordham University Ban on SJP Front Page | Education & Student Activism | U.S. | Palestine02/14/17 Safe Drinking Water Exemptions Allow Oil Companies to Dump Waste Fluid Into Aquifers Front Page | Environment & Forest Defense | Central Valley | East Bay | California | Government & Elections | Santa Cruz Indymedia02/13/17 Eight Banks Funding the Dakota Access Pipeline Protested Front Page | Environment & Forest Defense | Racial Justice | Peninsula | U.S.02/13/17 Dam Maintenance Neglected as Governor Brown Promotes Delta Tunnels Front Page | Environment & Forest Defense | Central Valley | California | Government & Elections02/09/17 International Women's General Strike on March 8: Walk Out, March and Demonstrate Front Page | Health, Housing, and Public Services | Labor & Workers | Global Justice and Anti-Capitalism | LGBTI / Queer | Womyn | U.S. | International02/09/17 Public Bank of Oakland Aims to Serve the People, Use Bank’s Profits for Common Good Front Page | Health, Housing, and Public Services | Global Justice and Anti-Capitalism | East Bay | Government & Elections02/08/17 Mayor and City Administrator Bulldoze Homes & Village of Services for Oakland’s Homeless Residents Front Page | Police State and Prisons | Racial Justice | East Bay | Government & Elections02/07/17 Settlement Reached for Berkeley Police Brutality at 2014 Black Lives Matter Protest Front Page | Police State and Prisons | Racial Justice | East Bay | Government & Elections
Related Categories: Peninsula | Health, Housing, and Public Services | Front Page
Highly Militarized ICE Raids on California's Central Coast No Raids, No Wall (3 comments) Wednesday Feb 15th 5:56 PM
Marchers Hit Up 8 Banks Funding DAPL in Palo Alto R. Robertson (1 comment) Saturday Feb 11th 9:23 PM
Defund DAPL Rally and March in Palo Alto #NoDAPL Tuesday Jan 31st 5:21 PM
ACLU of Northern California Contact Info for SFO Arrivals Affected by Executive Order via ACLU of Northern California Sunday Jan 29th 1:26 AM
Inauguration Day Protest: Not Our President! Peninsula Peace and Justice Center Monday Jan 9th 3:14 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 ]