Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Airport asks panel to increase hotel bond authorization to cover construction cost escalation
Summary
San Francisco International Airport asked the Budget & Finance Committee to authorize an additional $35 million in bond capacity and reappropriate $25 million of prior issuance costs to preserve the originally proposed 351‑room hotel amid an 18% rise in Bay Area construction costs. The committee forwarded the items to the full Board with a positive recommendation.
Cathy Weidner of San Francisco International Airport told the Budget and Finance Committee the airport seeks to increase hotel financing authorization by $35 million and reappropriate roughly $25 million in issuance and financing costs to align the funding structure with higher construction bids.
"Bay Area…
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
