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Committee advances DDA and lease to convert Old Mint to city history museum; amends timeline
Summary
The committee reviewed a disposition and development agreement and long-term lease to convert the Old Mint into a San Francisco history museum, discussed an $83–86 million project budget and funding plan, and approved an amendment extending the DDA timeline from 36 to 42 months.
The Budget & Finance Committee advanced a disposition and development agreement (DDA) and long-term lease that would allow the San Francisco Museum & Historical Society to rehabilitate the Old Mint and operate a city history museum.
City staff and museum representatives presented schematic designs and a financing plan that put the estimated total project cost in the $83 million to $86 million range. Staff said roughly $40 million in funding has been identified or committed and that the…
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