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Committee delays approval of two downtown parking garage leases after questions on $2M transfer and nonprofit oversight
Summary
Chair Carmen Chu continued two 10‑year parking‑garage leases (Japan Center and Sutter Stockton) to Feb. 13 after questioning a proposed $2,000,000 transfer to MTA operations and the inconsistent use of nonprofit intermediary structures flagged in a Controller audit.
The Budget and Finance Committee on Jan. 29 continued two proposed 10‑year leases — for the Japan Center Public Parking Garage and the Sutter Stockton Garage — after members sought more information about a reported $2,000,000 capital balance and the role of nonprofit garage corporations.
Chair Carmen Chu said she had become "less comfortable with the 2 items and supporting them at this time" and asked for a date‑certain return so the committee could evaluate the transfer of funds and the MTA's rationale for treating similar nonprofit arrangements differently (Carmen Chu, Chair, Budget and Finance Committee). The committee continued the items to Feb. 13 without…
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