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Committee backs Mission Bay parks transfer agreement, flags long‑term CFD funding questions
Summary
Port, Rec & Park, and OCII staff briefed supervisors on a joint community‑facilities agreement and ground‑lease termination for Mission Bay parks; the CFD (No. 5) will fund operations through 2044 but staff warned projected deficits could appear around 2030–2031 and asked to monitor fund balance.
The Budget & Finance Committee advanced a resolution authorizing a joint community facilities agreement and the termination of OCII’s ground lease for completed Mission Bay parks, with port and recreation and park staff explaining how operations and funding will be split.
Deputy director David Beaupre (Port, representing Real Estate) said the redevelopment plan always envisioned parks returning to city…
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