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Committee advances plan to create downtown university attraction fund, including bond financing
Summary
The Rules Committee forwarded an ordinance to create a Downtown University Attraction and Retention Fund offering incentives (including bond financing) to recruit public colleges to SoMa, Union Square and the Financial District to help fill vacant office space and boost downtown activity.
The Rules Committee voted to forward an ordinance establishing a Downtown University Attraction and Retention Fund that would provide incentives, including bond financing and philanthropic contributions, to attract public colleges and universities to downtown San Francisco neighborhoods.
Sponsor Supervisor Asha Safai…
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