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Supervisors advance funding package for SFPUC’s new 525 Golden Gate headquarters
Summary
The Budget & Finance Committee recommended the Board approve a roughly $190.6 million PUC headquarters project at 525 Golden Gate and a companion resolution authorizing distribution of a preliminary official statement for certificates of participation financing. The committee accepted a technical amendment to allow reimbursement of prior expenditures.
The San Francisco Budget & Finance Committee voted to send to the full Board a set of measures to finance and construct the San Francisco Public Utilities Commission’s new headquarters at 525 Golden Gate Avenue.
DPW project manager Bridal Mabratu walked supervisors through the 13‑story project, calling it a “world class energy efficient structure” and describing program elements including a SCADA control center, an emergency operations center, a childcare facility and public exhibition space. Mabratu said the building is approximately 277,000 square feet with about 257,000 rentable and is being pursued for LEED Platinum certification.
The PUC and city finance officials laid out a $190.6 million projected project cost and a proposed financing structure that combines proceeds…
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