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Audit Flags Gaps in Long‑Term Real Estate Planning; City Officials Outline Reforms
Summary
A Budget & Legislative Analyst performance audit found San Francisco lacks an integrated long‑term real estate plan and single asset reporting system; the Department of Real Estate described steps including a facility system of record, proposed administrative‑code changes and collaboration plans for projects such as 1500 Mission.
The Government Audit & Oversight Committee on July 19 heard a performance audit of the Department of Real Estate from the Budget & Legislative Analyst (BLA), which identified gaps in long‑term planning, asset management, and consistent policies for nonprofit and non‑city uses of public property.
Severn Campbell, presenting the BLA findings, said auditors reviewed leases and transactions and singled out four principal risks: absence of long‑term planning aligned to capital and financial plans, fragmented asset management data across multiple systems, the difficulty of reconciling public policy goals with private market practices in transactions, and inconsistent treatment of nonprofit leases and surplus property. Campbell pointed to examples in the report, including the Parcel P…
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