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Supervisors ask for updated financing analysis on proposed PUC office at 525 Golden Gate
Summary
Supervisors continued an appropriation to the full Board after PUC staff described a $190 million administrative building project at 525 Golden Gate and said $33.5 million in land‑sale proceeds would be applied now; supervisors asked staff to analyze debt‑service capacity for remaining Certificates of Participation before the project proceeds.
The Budget & Finance Committee on Nov. 7 heard a presentation by the Public Utilities Commission on plans to build a new 240,000‑square‑foot administrative office at 525 Golden Gate and continued the appropriation until staff provides updated financing analysis.
Tony Irons, deputy general manager of the PUC, said the project is "very…
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