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Port staff proposes phased rate increases for South Beach Harbor as tenants push for more outreach and alternatives

Port Commission, San Francisco City · August 14, 2012
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Summary

Port staff reported an approximate $800,000 operating shortfall at South Beach Harbor and proposed a three‑year phased move toward rate parity with San Francisco Marina, changes to parking policy and an electricity surcharge; tenants and community groups pushed back, calling for more time, outreach and alternatives to large immediate increases.

Port staff presented a detailed update on South Beach Harbor operations, finances and a set of proposed changes intended to address an estimated operating shortfall of roughly $800,000 for the coming fiscal year.

Peter Dailey, Deputy Director of Maritime, said the Port inherited the harbor when the redevelopment agency dissolved and that staff are still analyzing the finances. He told the Commission the harbor’s construction was financed by approximately $24 million in revenue bonds and an $8 million loan from the State Department of Boating and Waterways and that about $13 million remains outstanding on that debt. Dailey said a 1984 BCDC permit requires roughly $10 million in apron and access improvements that are currently unfunded. “Without any increases or further reductions in expenses, the harbor can expect an approximate deficit of about $800,000 in this coming year,” he said.

To address…

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