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Supervisors pause vote on SFMTA lease for 2650 Bayshore Boulevard after cost and buy‑vs‑lease concerns
Summary
The Budget & Finance Committee continued consideration for one week of a proposed 20‑year lease at 2650 Bayshore Boulevard for SFMTA towing, citing questions about long‑term cost, purchase alternatives and the agency—s real estate master plan.
The Board of Supervisors Budget & Finance Committee on Wednesday held action for one week on a proposed 20‑year lease of 2650 Bayshore Boulevard, a roughly 12.7‑acre, 255,000‑square‑foot site in Daly City that the San Francisco Municipal Transportation Agency plans to use for its towed vehicle operations, a video shop and training facilities.
Supervisor Kim moved to continue the item to allow SFMTA to supply the net present value of the lease, portions of the agency—s real estate master plan and additional lease comparables; the motion passed without objection. The SFMTA had asked the committee to approve initial annual base rent of $2,449,642 and two five‑year extension options.
SFMTA staff told the committee the lease is central to a larger real‑estate…
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