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Supervisors back Bay FC training facility lease on Treasure Island
Summary
The committee advanced a 25‑year ground lease allowing Bay FC to build an 8.5‑acre, privately financed training complex on Treasure Island, with public use provisions and rent credits; the Budget & Legislative Analyst said initial base rent is $330,000/year and estimated 25‑year revenue of $9.66 million.
The Budget and Finance Committee voted Dec. 4 to send to the full Board of Supervisors a resolution approving a 25‑year ground lease between the Treasure Island Development Authority (TIDA) and Bay FC Operator LLC to build a permanent training facility on approximately 8.5 acres of Treasure Island.
The lease package calls for privately financed construction of three full‑size soccer fields and an athlete training center, with an…
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