Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee forwards Potrero Power Station EIFD and related development agreement amendment to full Board
Summary
Supervisors unanimously forwarded an infrastructure-financing plan and a development-agreement amendment to establish an Enhanced Infrastructure Financing District (EIFD) for the Potrero Power Station project; presenters detailed projected housing, tax-increment mechanics and estimated infrastructure costs, while the BLA flagged the financing shift from developer-funded to public tax increment.
The Budget and Finance Committee on March 13 voted to forward to the full Board a resolution and ordinance to form an Enhanced Infrastructure Financing District (EIFD) for the Potrero Power Station and to amend the project’s development agreement.
Grant Carson of the controller’s Office of Public Finance described the EIFD as the next step in the project’s financing: the Potrero site is roughly 32 acres and the project is expected to include thousands of residential units and significant commercial space. Carson said the estimated total infrastructure cost is…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
