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Board approves MTA transit‑advertising contract with Titan; supervisors press for earlier letter of credit and limits on naming rights
Summary
The Board adopted a resolution authorizing the Municipal Transportation Agency to contract with Titan Outdoor for transit advertising from 2009–2014. Supervisors asked the vendor to accelerate a proposed letter of credit and agreed contract language that any naming rights first go to the MTA board and then to the Board of Supervisors.
The San Francisco Board of Supervisors on June 16 adopted a resolution authorizing the Municipal Transportation Agency (MTA) to execute a transit advertising contract with Titan Outdoor, effective July 1, 2009, through June 30, 2014. The contract includes a minimum revenue guarantee to MTA of approximately $22,000,000 over the term.
Supervisor David Campos raised concerns about an advance payment of $4,000,000 that Titan had provided and asked whether the city should receive an immediate letter of credit to protect the public against vendor default.…
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