Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget committee advances sale of War Memorial transferable development rights
Summary
The Budget & Finance Committee voted to forward a resolution that would allow the city to sell up to 550,000 square feet of transferable development rights from the War Memorial Complex, endorsing BLA conditions including a $25 per‑square‑foot minimum and annual sales reporting.
The Budget and Finance Committee on Sept. 18 advanced legislation authorizing the city’s director of real estate to sell the second 550,000‑square‑foot tranche of transferable development rights (TDRs) from the War Memorial Complex and forward the measure to the full Board of Supervisors with a positive recommendation.
Andrico Penek, director of the Department of Real Estate, told the committee the Board originally authorized the sale of 1,100,000…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
