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Subcommittee approves Parkwide Activities LLC master bicycle rental lease after amendment to preserve Board authority
Summary
The Budget & Finance subcommittee approved a five‑year lease (with a possible 3‑year extension) authorizing Parkwide Activities LLC to operate master bicycle rental concessions in multiple city parks, including Golden Gate Park, Marina Green, Justin Herman Plaza and Union Square; an amendment to retain Board approval for future expansion passed and the item was sent to the full Board.
The subcommittee voted to forward a resolution authorizing the Recreation and Park Department to enter into a master bicycle rental lease with Parkwide Activities LLC, a joint venture of Bay City Bike, Bike and Roll, and Blazing Saddles. The concession covers multiple locations including Golden Gate Park (adjacent to the Music Concourse), a weekend kiosk along JFK at 10th Avenue, Justin Herman Plaza, Marina Green and Union Square.
Nick Kinsey, Assistant Director of Property and Concessions Management for Recreation and Parks, described the lease as a five‑year agreement with one potential three‑year extension. He said the minimum annual base rent in year one is $127,400, escalating by the greater of CPI or 5% each year, with percentage‑of‑gross tiers tied to receipts: 13.5% on gross receipts under…
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