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Port reports Embarcadero Seawall bond progress; Army Corps credit agreement signed, federal BRIC grant not awarded
Summary
The Port reported three bond sales to date, near‑term design contracts in procurement, a living‑seawall pilot with the Smithsonian and a signed agreement with the U.S. Army Corps to seek credit for early work; the Port said a $50 million FEMA BRIC tentative award did not result in a final grant and the program is reviewing alternative funding.
Carlos Colon, contracts manager for the Port of San Francisco’s waterfront resilience program, reported on the 2018 Embarcadero Seawall earthquake safety general obligation bond and related activities.
Colon said the port has completed three bond sales, has expended most proceeds and currently has about $20 million unspent from the largest sale; the port expects to spend the proceeds from the three sales over the next two to three years. He said the port is reviewing responses to three requests for proposals for detailed design work on early projects, including Wharf J9 and design contracts…
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