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City and UCSF near agreement on SFGH research building; key sovereignty, parking and indemnity issues remain
Summary
City real-estate staff and DPH updated the commission on protracted negotiations with UC San Francisco for a ground lease and development agreement on the BC lot at Zuckerberg San Francisco General Hospital; unresolved issues include indemnity language, possessory-interest tax treatment, parking displacement and First Source hiring commitments.
Real-estate staff updated commissioners on months of negotiations with the University of California over a proposed UCSF research building and a long-term ground lease of the BC lot at Zuckerberg San Francisco General Hospital.
John Updike and Mark Primo described the complexity: the project requires a lengthy ground lease (a 74-year term with options that could approach a century), a Lease-Disposal-and-Development Agreement (LDDA), utility easements, and a companion lease for Building 3. Key legal and…
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