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Committee forwards Pier 27 cruise terminal fiscal feasibility finding despite funding shortfall
Summary
The subcommittee forwarded to the full Board a fiscal-feasibility resolution for the proposed Pier 27 cruise terminal to allow environmental review to proceed; port staff described a revised project budget of $90.3 million (Phase 1: $58.2M; Phase 2: $32.1M) and identified a Phase 2 shortfall of approximately $11.9–$12.0 million that the port said could be addressed through bonds, ERAF clawback legislation, passenger facility charges and other revenue options.
The Budget and Finance Subcommittee voted to forward to the Board of Supervisors a resolution finding the proposed Pier 27 cruise terminal fiscally feasible under Administrative Code Chapter 29 so that environmental review can proceed as part of the America's Cup EIR schedule.
John Dahl, project manager for the Port, described the project as a public works effort to replace aging Pier 35 facilities and to accommodate larger modern cruise ships. The Port envisions a two‑phase project: Phase 1 (a "core shell") is estimated at $58.2 million and Phase 2 (terminal buildout and maritime equipment) at $32.1 million. The Port…
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