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Castro/Upper Market CBD Reports Performance, Supervisors Praise Local Programs

Government and Oversight Committee (San Francisco Board of Supervisors) · January 21, 2016

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Summary

The committee reviewed the Castro/Upper Market Community Benefit District’s 2013–14 annual report. OEWD said Castro exceeded its non‑assessment revenue goals and maintains substantial reserves; the committee forwarded the report to the full board with a positive recommendation.

The Government and Oversight Committee on Jan. 21 reviewed the Castro/Upper Market Community Benefit District’s annual report for fiscal year 2013–14 and voted to forward the item to the full Board of Supervisors with a positive recommendation.

OEWD staff reported that the Castro Upper Market CBD assesses about 279 parcels (Market & Octavia to Castro & 19th) and generates roughly $413,500 in assessment revenue per the management plan; the district’s management plan is scheduled to expire on June 30, 2020. OEWD said the CBD exceeded its non‑assessment revenue requirement (described in the engineer’s report) and noted carry‑forward reserve funds totaling more than $250,000 that the CBD indicated would be spent on public‑realm improvements and operations in the upcoming fiscal year.

Andrea Aiello, the CBD’s executive director, told the committee the district runs active committees overseeing finance, streetscape and services, and that the CBD invested reserves in projects such as the Rainbow Crosswalks at Castro & 18th, funded plaza programming and a retail strategy study intended to reduce vacancy rates. Aiello described partnerships with Recology and the Department of Public Works to maintain cleanliness and with merchants on promotions and outreach.

Supervisors praised the CBD’s outreach and programming and asked about commercial vacancy causes; Aiello said retail faces structural challenges (higher rents, e‑commerce) and identified services and food as stronger retail categories. Supervisor Weiner noted progress on reducing long‑term vacancies in parts of the district.

The committee voted to forward the Castro Upper Market CBD annual report to the full Board with a positive recommendation. OEWD recommended the CBD consider additional staff capacity and continued fundraising to meet non‑assessment revenue goals.

What’s next: The item will be considered by the full Board of Supervisors; OEWD and the CBD plan to continue implementing the retail strategy study and streetscape projects.