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Port Commission approves America's Cup leases, CEQA findings and financing to upgrade waterfront venues
Summary
The Port Commission adopted revised CEQA findings, a mitigation monitoring program and lease/disposition terms for America's Cup venues and authorized related financing and contract amendments to prepare multiple piers for 2012—13 events. Supporters said the events will boost tourism and jobs; staff outlined protections for city funds.
The Port of San Francisco Commission on a unanimous vote approved revised California Environmental Quality Act findings, a mitigation monitoring and reporting program and a lease-disposition agreement to make waterfront venues available for the 34th Americas Cup and related events.
Port staff told the Commission the package would allow phased delivery of venues beginning as early as May 2012 and returning sites to the port after the events. Bridal Benson, Special Projects Manager, described the actions as the last set of discretionary approvals for the project and said the agreements are intended to both improve public access and provide long-term value to port facilities. Benson said the port is obligated to pay up to $500,000 for certain repairs to prepare sites for the event.
"The San Francisco Waterfront is a…
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