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Port Commission approves preliminary official statement for 2014 revenue bonds to fund cruise terminal and pier work
Summary
The Commission authorized distribution of a Preliminary Official Statement and continuing disclosure for a 2014 revenue bond issuance to finance Phase 2 of the James R. Herman Cruise Terminal and Northern Waterfront pier improvements, with staff noting seismic and asset‑condition risk and a plan to meet reporting obligations to investors.
San Francisco — The Port Commission voted to approve the Preliminary Official Statement (POS) and continuing disclosure certificate for a 2014 port revenue bond issuance that will fund waterfront capital projects, including Phase 2 of the James R. Herman Cruise Terminal and improvements to historic northern waterfront piers.
Finance director Elaine Forbes and the port's bond team outlined the POS and the continuing disclosure…
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