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GAO reviews annual reports for East Cut, North of Market/Tenderloin and Lower Polk CBDs; Tenderloin integrates Safe Passage
Summary
The committee received FY2017–18 annual reports for three Community Benefit Districts. OEWD found East Cut met 3 of 4 benchmarks (shortfall due to Salesforce Park delay), North of Market/Tenderloin met all benchmarks and integrated Safe Passage, and Lower Polk met benchmarks and reported a 23% share of non-assessment revenue; the committee recommended all three reports to the full Board.
The Government Audit & Oversight Committee on Nov. 13 reviewed FY2017–18 annual reports and OEWD findings for three Community Benefit Districts (CBDs): East Cut (formerly Greater Rincon Hill), North of Market/Tenderloin (TLCBD), and Lower Polk.
East Cut: Chris Korgus of the Office of Economic and Workforce Development presented East Cut's annual report. The district (formed in 2015 and set to expire on Dec. 31, 2030) met three of four OEWD benchmarks. The CBD did not meet benchmark 1 for parks and green space because the delayed opening of Salesforce Park reduced assessed spending…
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