- Former Yahoo CEO Marissa Mayer has demolished three houses to build a pool.
- The San Francisco Business Times reported that he bought each home for $700,000 to $800,000.
- City officials initially opposed the plan, citing a law protecting California’s housing stock.
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The Silicon Valley Business Journal first reported that former Yahoo CEO Marissa Mayer had demolished three townhouses she bought next door to her Bay Area home to make way for a pool.
Palo Alto city officials initially declined the mayor’s offer, according to the San Francisco Business Times. He cited the Housing Crisis Act of 2019, which prohibits people from demolishing existing homes without planning to replace them with an equal number of units.
California has long struggled with a housing shortage and homelessness epidemic.
Despite the legislation, the city approved the mayor’s plans, which include a backyard swimming pool and a one-story building, according to Business Journal.
A Palo Alto spokesman told the outlet, “After carefully reviewing the regulations, the staff determined that the demolition was indeed permissible as proposed, and was therefore permitted to proceed with the law.”
A Palo Alto City official did not immediately respond to a request for comment. A spokesman for the mayor said: “The project had previously received the appropriate permits, so the parcel is now a single-family home.”
Mayer has been on a real estate buying spree in Palo Alto for the past decade and has sometimes been criticized by locals.
Neighbors spoke out against the wild Halloween parties Meyer threw at a former morgue she bought in 2013 for $11.2 million. She was criticized in 2018 for her plan to convert the building into a private women’s club.
In 2011, an LLC associated with Meyer bought three townhouses next to his residence for between $700,000 and $800,000, The Business Times reports. He also destroyed several other homes and an apartment building in the area, according to the outlet.
A former Google employee, Meyer served as Yahoo’s president and CEO from 2012 to 2017, when Verizon bought the company for $4.8 billion. She has since founded a startup called Sunshine that makes AI-based apps, including contact managers.