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Supervisors approve creation of Downtown Revitalization and Economic Recovery Financing District with amendment to require departmental reimbursement
Summary
The Board passed the resolution and ordinance to form a downtown revitalization and economic recovery financing district and approved an on-the-floor amendment clarifying that city departments providing support to the district will be reimbursed.
The San Francisco Board of Supervisors voted on June 3 to advance creation of the San Francisco Downtown Revitalization and Economic Recovery Financing District, a financing tool intended to support commercial-to-residential conversions and other eligible revitalization activities in defined downtown boundaries.
Supervisor Rafael Mandelmann (presiding) and Supervisor Gordon Mar (noted in committee discussions) were referenced in the clerk's readout; Supervisor Dorsey spoke in…
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