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Developer representative warns Port that Seawall Lot 337 negotiations require a new RFP; staff outlines IFD-backed redevelopment plan
Summary
A developer representative told the Port Commission that the Seawall Lot 337 negotiation with a Giants-affiliated group materially deviated from its winning proposal and urged a new competitive process; staff separately described a large mixed‑use vision for Seawall Lot 337 and other waterfront sites using an infrastructure financing district (IFD) tool.
Victor Dela Cruz, speaking on behalf of a competing development company, told the Port Commission on Dec. 18 that the Port’s ongoing negotiations with Seawall Lot 337 Associates — an entity affiliated with the San Francisco Giants — involve a material change to the proposal that won the competition and require a new solicitation.
"Almost all of the equity, all of the experience, and all of the development capability in the SWL 337 Associates team's proposal was the Cordish Companies, yet they appear to be out of the picture now," Dela Cruz said, arguing that the remaining proposal is "little but a huge empty shell" that bears "no similarity to the original" and that, under state law and the city's administrative code, the Port must reopen competition if the principal development partner changes.
Dela Cruz warned commissioners that continuing to…
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