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Supervisor Kim proposes $10M-a-year Mission Bay transportation fund for proposed Warriors arena; calls for re-evaluation of Treasure Island affordability after
Summary
Supervisor Kim introduced legislation to create a Mission Bay Transportation Improvement Fund to mitigate arena impacts and requested that Treasure Island authorities study new state law AB 2 to restore or increase affordable housing commitments.
Supervisor Kim introduced two substantive policy items at the Oct. 6 Board of Supervisors meeting.
First, he proposed establishing a Warriors Event Center Community Improvement Measures fund (Mission Bay Transportation Improvement Fund) that would set aside $10,000,000 annually from new tax revenue generated by the proposed privately financed Warriors arena in Mission Bay to pay event-related operating costs. Kim said the fund would support SFMTA, SFPD and Public Works operations for arena events, add parking control officers, and help fund Muni capital needs including debt service on 4 additional light-rail vehicles and an expanded Mission Bay station to accommodate larger event crowds and overlapping events with AT&T Park. The proposal also would create a five‑member advisory committee representing stakeholders including the Warriors, UCSF, residents, businesses and the District 6 office.
Kim emphasized the proposal would follow approval of the privately financed project; the fund would be created only if the arena project and associated approvals proceed. He also named nine other supervisors as cosponsors: Breed, Campos, Christensen, Cohen, Farrell, Marr, Tang, Weiner and Yi.
Second, Kim asked the Treasure Island Development Authority (TIDA) and staff to review the implications of newly enacted state law (AB 2) that re-establishes a redevelopment-like tool for revitalization and requires no less than 25% of generated funds be set aside for affordable housing. He said the DDA for Treasure Island previously included a 27.5% affordable commitment and a negotiated path to 30% if state law changed, and asked TIDA to explore whether recent law allows the city to recapture a further 2.5% and to study pursuing a 40% affordable and middle-income housing baseline on Treasure Island.
The supervisor said the AB 2 changes will take effect in January 2016 and that the DDA—s five-year window for state-law changes expires in June 2016; he asked TIDA, the planning department and MOHCD to analyze options and report back.
Ending: Both items were introduced for further development and direction; no final votes were taken Oct. 6. Kim asked staff and TIDA to report back with recommendations.
