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Board Approves Authorization to Sell TDRs with Reauthorization Trigger and Historic-preservation Talks Underway
Summary
The committee advanced a resolution authorizing sale of city Transferable Development Rights (TDR) up to 1.1 million sq ft, inserted a reauthorization trigger at 550,000 sq ft, and agreed to work with stakeholders on historic-preservation conditions and reporting to Capital Planning.
The Budget and Finance Committee approved a resolution authorizing the director of property to sell up to 1,100,000 gross square feet of city-owned Transferable Development Rights (TDR), and agreed to amendments and follow-up steps to address historic-preservation concerns and oversight.
John Updike, Director of Real Estate, said staff met with San Francisco Heritage and Planning Department representatives to discuss three requests from the advocacy group: clearer description of the Planning Department’s regulatory role, improved coordination and reporting, and…
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