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Supervisors back Moscone expansion ordinances subject to hotel-district approval
Summary
The Board—s Budget & Finance Committee approved ordinances to authorize and appropriate up to $507.88 million in certificates of participation for a $500 million Moscone Convention Center expansion, but made approvals contingent on formation of a Moscone Expansion District and associated hotel assessments.
The Budget & Finance Committee voted to apply the underlying fiscal-feasibility resolution and two ordinances authorizing up to $507,880,000 in certificates of participation to fund the proposed Moscone Convention Center expansion, but amended each measure to make approval contingent on the subsequent creation and approval of a Moscone Expansion District and its hotel assessments.
Supporters including John Noguchi, the city—s director of convention facilities, and Joe D—Alessandro, president and CEO of the San Francisco Travel Association, told supervisors the expansion is needed to retain large conventions and protect tourism revenue. "The Moscone Convention Center is one of the…
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