John Elberling likes to play the long game. In 1986, when he was 40, he pushed for a ballot measure to cap office development in San Francisco, to protect the city’s character from rogue developers. The voters approved it, but it didn’t matter much, because it turned out the city didn’t need so many big offices. That is, until now. Three decades later, San Francisco is finally feeling the cap’s intended pinch—thanks to a recent influx of tech.

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