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Supervisors forward Alioto Fish Company lease termination after Port and BLA outline terms and costs
Summary
The committee voted unanimously to send a Port-backed mutual termination with Alioto Fish Company to the full Board; the Port will regain control of two Fisherman's Wharf leases in exchange for the company surrendering deposits, paying a termination fee and returning a $5 million COVID relief loan.
The San Francisco Budget & Finance Committee on June 8 voted unanimously to forward to the full Board a Port of San Francisco proposal to execute a mutual lease termination with Alioto Fish Company Limited, the family-owned restaurant long identified with Fisherman’s Wharf.
Port staff described negotiations that followed Alioto’s pandemic suspension of operations and said the agreement would surrender the tenant’s security deposits, require a $250,000 termination fee and the return of a $5,000,000 SPA COVID…
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