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Board approves Pier 70 infrastructure financing district and bond authorization to fund new neighborhood
Summary
The Board approved resolutions and an ordinance to form an Infrastructure Financing District for Pier 70 and authorized bond issuance to finance public infrastructure and benefits for the Pier 70 neighborhood redevelopment.
The Board of Supervisors on Sept. 11 approved legislation to form an Infrastructure Financing District (IFD) and to authorize bond issuance to fund infrastructure and public benefits at Pier 70.
Brad Benson of the Port of San Francisco told the board the Pier 70 project is a 35‑acre special use district with plans for 1,600–3,000 housing units (30 percent affordable), up to 1.75 million square feet of office space, and 500,000 square feet of retail,…
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