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Officials and Community Seek Clarity on Octavia Boulevard Parcel Sales and Redevelopment True-Up
Summary
An informational hearing on the disposition of Central Freeway parcels and Octavia Boulevard projects revealed disagreement about a redevelopment-era "true-up" owed to affordable housing, and the committee referred the matter to the Land Use Committee and requested a City Attorney briefing.
The Budget & Finance Subcommittee held an informational hearing on May 8 about the Octavia Boulevard project, the disposition of former Central Freeway parcels and the use of sale proceeds. OEWD and the Mayors Office of Housing outlined the project's history, funds expended and remaining obligations; community members pressed for clarity on a redevelopment-era "true-up" owed to affordable housing funds.
OEWD recounted that Caltrans transferred 22 parcels (lettered A through V) under a cooperative agreement that required the city to construct Octavia Boulevard and associated transportation improvements; Proposition I…
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