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Port interim lease with China Basin Ballpark Company forwarded despite budget analyst timing questions
Summary
The subcommittee forwarded a five‑year interim Port lease with China Basin Ballpark Company for Seawall Lot 337 and limited Pier 48 licenses; the lease sets seasonal base rents of $45,000/month (low season) and $355,000/month (high season), includes percentage rent provisions and up to $638,000/year in extraordinary operating cost allowances; the budget analyst questioned the timing of submitting a new lease after a long holdover period.
Phil Williamson, project manager for the Port, presented a five‑year interim lease between the Port of San Francisco and China Basin Ballpark Company LLC (CBBC) for Seawall Lot 337, the primary surface parking lot serving AT&T Park, and a non‑exclusive license for certain areas at Pier 48 for special events.
Williamson recounted the site's 1997 improvements and the earlier 10‑year…
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