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