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Committee backs starting process for Moscone Center expansion assessment district
Summary
The committee approved an amendment of the whole and forwarded to the full Board a resolution of intent to form a Moscone Expansion Assessment District to help finance a proposed ~$500M expansion, with a two‑zone hotel assessment and a city contribution phased from $8.2M to $10.7M per year in later years.
Officials from the Convention Facilities Bureau, San Francisco Travel, the Tourism Improvement District (TID), the Office of Economic and Workforce Development and the Controller’s public‑finance team presented a plan to form a Moscone Expansion Assessment District (MED) that would fund a large share of a proposed Moscone Center expansion. The project budget was estimated at roughly $500 million to add exhibition and meeting space and a new ballroom to keep San Francisco competitive for major conventions.
Under the proposed two‑zone assessment, Zone 1 hotels (east of Van Ness and north of 16th Street) would be assessed at a proposed…
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