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Committee presses city on $2.5M sale of Parcel F to Boys & Girls Club; budget analyst raises valuation concerns
Summary
The committee heard a proposed below‑market sale of Parcel F (Fulton & Gough) to the Boys & Girls Clubs for $2.5M; the budget analyst said the market estimate is about $8.415M and recommended continuance. The committee requested stronger financial guarantees and continued the item to Jan. 4.
The committee examined a proposed sale of Parcel F (the northeast corner of Fulton and Gough) to the Boys and Girls Clubs of San Francisco for $2.5 million, a transaction the Real Estate Division presented as a below‑market sale justified by community benefits.
John Updike (Acting Director, Real Estate) and OEWD staff described the planned clubhouse: a new facility with a gym,…
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