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Supervisors Refer Two Parking Garage Leases After Debate Over Nonprofit Management and Costs
Summary
The Budget & Finance Committee referred two SFMTA parking garage lease agreements — for the Japan Center and Sutter Stockton garages — to the full Board without recommendation after testimony from merchants and neighborhood leaders defending nonprofit management and questions from supervisors about annual management costs and governance.
The San Francisco Board of Supervisors— Budget & Finance Committee on Wednesday referred two proposed lease agreements with neighborhood nonprofit garage corporations to the full Board without recommendation after sharply different views from supervisors and extensive public comment.
Ed Ryskin of the San Francisco Municipal Transportation Agency told the committee the leases are standardized documents created after a 2011 controller—s audit and changes following the 2008 Proposition A that allowed the MTA to issue its own debt. The proposed leases would keep the Japan Center Garage Corporation and the Uptown Parking Corporation in place as the local managers of their respective garages while enabling citywide capital financing and oversight.
Chair Sup…
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