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Committee holds Transbay CFD bond items for one week amid questions about project scope and costs
Summary
Items to issue up to $200 million in Transbay CFD special tax bonds and appropriate proceeds for the Transbay Transit Center were held for one week to allow follow‑up; staff said about 82.6% of proceeds would go to the TJPA and roughly 17.4% to city public works projects.
Committee members heard presentations on two related items to confirm annexation of Park Tower into the Transbay Community Facilities District and to authorize issuance of up to $200 million in special tax bonds to support the Salesforce Transit Center and adjacent infrastructure.
Anna Vandegna of the Controller’s Office presented…
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