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Committee advances SFMTA advertising contract extension after revenue briefing
Summary
The Budget and Finance Committee moved a five-year extension of the SFMTA's transit advertising contract with Intersection Media to the full Board after staff and the Budget Analyst described revenue-sharing and past performance; questions focused on how much the contractor exceeded the minimum guarantee.
The Budget and Finance Committee forwarded to the full Board a resolution from the San Francisco Municipal Transportation Agency to extend its transit-advertising contract with Intersection Media for a five-year term beginning July 2019 on substantially the same terms.
Gail Stein of SFMTA told supervisors the proposed extension would keep the contract's existing…
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