Supervisors add conditions, require sale reporting and strip IFD funding language from Embarcadero parcel term sheet

San FranciscoBoard of Supervisors approved amendments to a term sheet for the proposed sale of the Hoe Down yard and related Embarcadero transmission project, striking language that would have advanced Infrastructure Finance District (IFD) funding for a screen around a Pacific Gas and Electric Co. (PG&E) switchyard and adding requirements for reporting back to the board on the sale and environmental cleanup.

The amendments were introduced and read into the record by a supervisor during debate and were adopted by voice vote and later by the full board on the resolution as amended.

Why it matters: Supervisors said the changes ensure the city does not pre-authorize use of municipal financing (IFD) for private utility infrastructure and that the public and board will receive details after any sale about the buyer, purchase price and measures to address contamination at the site.

What the board approved: The adopted amendment removes language…