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Board approves Pier 70 infrastructure financing district measures after adding community facilities district language
Summary
Supervisors approved creation of an Infrastructure Financing District including Pier 70’s historic core, and added language urging formation of a Community Facilities District to ensure maintenance costs are borne by development rather than the general fund.
The Board of Supervisors convened as a committee of the whole Feb. 23 and approved measures to create an Infrastructure Financing District (IFD) for Port of San Francisco redevelopment, including subproject area G-1 covering Pier 70’s historic core.
Supervisor Malia Cohen introduced the IFD resolutions and ordinance, emphasizing the need to fund parks, streets, and electrical infrastructure at Pier 70 and to avoid the city’s general fund assuming ongoing…
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