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Port proposes $13.5 million rent-forgiveness package for retail, maritime and small operators
Summary
The Port of San Francisco presented an ordinance to let the Port Commission amend certain leases and provide base-rent forgiveness and credits to retail, maritime and Local Business Enterprise tenants affected by COVID-19; the Budget & Finance Committee advanced the item to the full Board with a positive recommendation.
The Budget and Finance Committee advanced an ordinance on Nov. 4 that would let the Port Commission amend certain commercial leases to deliver rent forgiveness and credits to tenants hit by the COVID-19 pandemic. Chair Sandra Lee Feuer called Port Director Elaine Forbes and Chrissy Atanoli, manager of business strategy, to present the proposal.
Port staff described a sector-based approach: percentage-rent retail tenants — largely restaurants and retail in Fisherman’s Wharf — would have their…
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