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Commission defers Bar Pilots lease amendment amid America's Cup concerns
Summary
The commission withdrew a motion and continued consideration of a lease amendment for the San Francisco Bar Pilots after tenants and pilots raised concerns about potential America's Cup uses of adjacent apron areas and recent memo language changes; staff was asked to address concerns and bring the item back.
Port staff proposed a second amendment to Lease L14282 with the San Francisco Bar Pilots that would keep the monthly base rent flat at $100,000 for the first five years, clarify the security deposit at $200,000 and change future adjustments to prevailing market rent. Staff said the change would allow the rent to move up or down at market…
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