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Board to continue Pier 70 development amendments after financing questions; port and developer present benefits package
Summary
The committee heard multi‑agency presentations on the Forest City Pier 70 project, including a public benefits package claiming $672M in infrastructure, 30% on-site affordable housing, artist studio commitments and sea-level rise funding; BLA flagged outstanding financing steps and the items were continued to Oct. 26.
Supervisor Malia Cohen opened a multi‑hour presentation on the Pier 70 development (Seawall Lot 349) as a decade-long planning effort to restore 28 acres of the southern waterfront. Elaine Forbes, executive director of the Port, called the project transformational and noted the port commission had forwarded the project with recommendation after community engagement.
Forest City and port staff outlined a public benefits package they described as worth roughly $750 million in total public benefits, including approximately $672 million in public infrastructure financing, 30% on-site affordable housing, nine…
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