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Committee advances Port settlement and new Pier 24 Annex lease; museum director urges support

San Francisco Board of Supervisors Budget and Finance Committee · September 8, 2021
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee voted to move a settlement and new lease for Pier 24 Annex to the full Board after Port staff described $5.5M in tenant improvement credits to be used as rent credits and to provide rent relief; the museum’s director testified in favor and a technical date correction was adopted.

The Budget & Finance Committee voted Sept. 8 to advance to the full Board a settlement and new lease between the Port of San Francisco and the Pilara (Pilara/Panara) Family Foundation for the Pier 24 Annex.

Michael Martin, assistant port director, said the settlement recognizes roughly $5.5 million in verified unamortized substructure, core…

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