The San Francisco Board of Supervisors has taken significant steps toward advancing the Potrero Power Station project, a mixed-use waterfront development that promises to reshape the local landscape. This ambitious initiative will include approximately 2,600 residential units, with 30% designated as affordable housing, alongside commercial spaces and seven acres of green space.

During a recent meeting, officials expressed their enthusiasm for the project, highlighting its potential to enhance community resources and provide much-needed housing. Supervisor Walton, who represents the district where the project is located, received commendations for his leadership in supporting this development.

In April 2023, the Board adopted a resolution to establish the San Francisco Enhanced Infrastructure Financing District (EIFD) to fund public facilities related to the Potrero Power Station. This EIFD will be governed by the newly formed Public Financing Authority (PFA), which consists of members appointed by the Board of Supervisors. President Peskin has nominated several supervisors to key positions within the PFA, ensuring that the project will have dedicated oversight.

The PFA will be responsible for implementing an infrastructure financing plan that outlines how property tax allocations will support the district. This plan will eventually be presented to the Board for approval, paving the way for the issuance of bonds to finance the project.

As the Potrero Power Station project moves forward, it is poised to address critical housing needs while also enhancing the community's commercial and recreational offerings. The Board's commitment to this initiative reflects a broader goal of fostering sustainable development in San Francisco, making it a pivotal moment for residents and stakeholders alike.