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Committee forwards private-public plan to redesign Embarcadero Plaza and Sue Bierman Park; partners pledge roughly $12.5 million in private funds
Summary
The Budget and Finance Committee on Feb. 26 advanced to the full Board of Supervisors an agreement to plan and fund renovation of Embarcadero Plaza and Sue Bierman Park, with private partners pledging design funds and an initial fundraising target of about $10 million in private contributions.
The Budget and Finance Committee on Feb. 26 voted to forward to the full Board of Supervisors a resolution authorizing the Recreation and Park Department (RPD) to enter into a public-private agreement with BXP Embarcadero Plaza LP (a Boston Properties affiliate), the Downtown San Francisco Partnership and the Office of Economic & Workforce Development to renovate Embarcadero Plaza and Sue Bierman Park.
RPD said BXP has committed roughly $2.5 million in design funds and in-kind support to initiate planning and will work with the Downtown…
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