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Board backs Central Subway assurance funding and approves temporary construction licenses by eminent domain
Summary
The Board backed a resolution supporting the SFMTA’s commitment to issue revenue bonds as assurance funding for the Central Subway project and adopted multiple resolutions of necessity to acquire temporary construction licenses needed for station construction after a committee hearing and public testimony.
The San Francisco Board of Supervisors on May 1 adopted a resolution endorsing the San Francisco Municipal Transportation Agency’s (SFMTA) plan to provide revenue-bond assurance funding, if needed, to help secure federal New Starts funds for the Central Subway project.
Supervisor Scott Wiener, the measure’s floor sponsor, said the resolution does not issue bonds now but signals the city’s future support if cost or schedule contingencies make assurance funds necessary. Wiener described the Central Subway as a key project to improve rapid transit service in the dense northeast sector of the city, including Chinatown and Union Square, and said the SFMTA would use existing revenue-bonding capacity — not create new bonding authority.
The board also held a…
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