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Committee forwards proposed 20-year Bayshore lease for SFMTA operations amid questions about costs and tow fees
Summary
The committee forwarded a resolution to lease 12.72 acres at 2650 Bayshore Boulevard for SFMTA towing and transit operations and adopted a budget analyst technical amendment; staff described net present value scenarios and site constraints, and supervisors pressed SFMTA on high tow fees and cost recovery under Prop 218.
The Budget and Finance Committee heard an extended presentation from SFMTA staff on a proposed long-term lease for approximately 12.72 acres and 255,420 rentable sq ft at 2650 Bayshore Boulevard (a site just over the San Francisco–Daly City border) to house towing operations, vehicle storage and other transit-related functions.
Director Ed Rieskin (recorded in the transcript also as Wyskin) told the committee the SFMTA must leave Pier 70 and that market supply of suitable industrial properties in San Francisco and adjacent areas is extremely limited. He said the agency has no viable “Plan B,” that prices are rising, and that the proposed lease would allow a three-month overlap between old and new leases.…
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