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Commission approves interim 5‑year lease for Sewell Lot 337 and Pier 48 event uses
Summary
The Port Commission authorized a five‑year interim lease with the China Basin Ballpark Company for Sewell Lot 337 (Giants parking) and non‑exclusive use of Pier 48 sheds, with seasonal base rents, percentage rent, and extraordinary-event cost provisions; neighbors raised concerns about trash cleanup and mitigation.
Phil Williamson, the port’s project manager, presented terms for an interim five-year lease with China Basin Ballpark Company (CBBC) covering Sewell Lot 337 (Giants Parking Lot A) and non-exclusive license of Pier 48 Sheds A and C. The lease divides the year into a high season (April–September) with $355,000/month base rent and a low season (October–March) with $45,000/month base rent, both escalating 3% annually; the port would receive the greater of base rent or 66% of gross revenue after municipal parking taxes. The lease also allows up to $620,000 in substantiated extraordinary annual costs (security, shuttles, temporary bathrooms, cleanup) tied to ballpark event parking.
Williamson said the interim lease is intended as an arrangement while the port continues negotiations under an existing exclusive negotiation agreement for longer-term development; staff recommended sole-source negotiation with CBBC given uncertainties presented by that ENA.
Corinne Woods, representing Mission Bay neighborhood interests, urged clearer mitigation and reimbursement for post‑event cleanup costs that neighborhood maintenance currently absorbs. Commissioners asked about special-event definitions, opportunities for upside sharing if non-game events increase utilization, and how surrounding development might change parking demand. Staff said lease language and percentage rent mechanisms were designed to protect the port’s revenue and to require coordination on special events.
The commission voted to approve Resolution 11-68 authorizing the executive director to proceed, subject to Board of Supervisors approval.
