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Supervisors continue proposed Clear Channel airport advertising lease after industry protest and analyst critique
Summary
Facing an industry protest from JCDecaux and a Budget & Legislative Analyst report warning the city could forgo percentage‑based rent under the proposed minimum‑guarantee lease, the Board continued the eight‑year Clear Channel airport advertising lease to gather more analysis and for the airport director to return.
The San Francisco Board of Supervisors Budget & Finance Subcommittee on March 6 continued consideration of an eight‑year airport advertising lease proposed by Clear Channel after industry protesters and the Budget & Legislative Analyst urged the panel to seek additional information.
Kathy Weidner, government affairs manager for the San Francisco Airport, summarized the proposed new lease between the Airport Commission and Clear Channel: an eight‑year agreement with a $10 million minimum annual guarantee (MAG) for 179 advertising locations at the airport. Weidner said Clear Channel scored highest in the airport's competitive process and that the airport selected a MAG‑only structure to secure a higher…
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