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OCII presents draft disposition strategy ahead of property management plan deadline
Summary
OCII staff briefed commissioners on the long-range property management plan required by redevelopment dissolution law, outlining disposition alternatives and proposed transfer timelines for parks, artist studios, Mission Bay park leases, Yerba Buena Gardens and other parcels; community stakeholders urged protections for public open space and continued community oversight.
OCII presented an informational workshop on the long-range property management plan (PMP) required under redevelopment dissolution law and Assembly Bill 1484. Tracy Reynolds, manager of Real Estate and Development Services, summarized the four disposition alternatives (retain/transfer to the city for governmental purpose; retain to meet enforceable obligations; sell; narrow transfer exception under the law) and walked the commission through proposed disposition approaches and estimated transfer timelines for major assets.
For Transbay Park parcels (Block 11B, Block 3 and Block 10) staff proposed temporary retention to fulfill enforceable obligations and phased transfer to the city (Block 11B ~2016; Block 3…
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