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SFMTA seeks $4.35M continuation payment for Potrero Yard PDA; supervisors request term‑sheet briefings
Summary
The committee forwarded SFMTA’s request to authorize a $4,350,000 continuation payment to Potrero Neighborhood Collective under the Potrero Yard predevelopment agreement to proceed to PDA Phase 3 work; presentation covered project scope (bus yard, up to several hundred housing units), outreach history, and a BLA technical recommendation to clarify resolution language because the payment may cause PDA obligations to exceed $10M.
SFMTA asked the Budget and Finance Committee to authorize a $4,350,000 continuation payment to Potrero Neighborhood Collective (PNC) so the predevelopment agreement (PDA) can continue after entitlements and CEQA certification. The payment is specified in the PDA and would allow PNC to proceed with PDA Phase 3 work, including drafting term sheets and project agreements.
Agency staff said the refined project envisions a new four‑story bus…
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