Port reports progress on Embarcadero seawall geobond projects; Jacobs awarded $40M advisory contract
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Summary
Port liaison told the Obligation Bond Oversight Committee that the Embarcadero Seawall program is advancing with multiple RFPs and contracts, Jacobs was awarded a 5-year $40,000,000 advisory contract, the South Beach Resilience Project received a $7.8 million state grant, and federal funding remains uncertain pending possible congressional authorization next year.
A liaison to the committee reported that several projects under the 2018 Embarcadero Seawall Earthquake Safety Geobond are advancing toward implementation and that federal funding remains a key uncertainty.
The liaison said the living seawall pilot is nearing completion and that six contracts are now funded with other RFPs issued and some contracts awarded. "The program advisory services contract that was recently awarded" is a five-year, $40,000,000 contract to Jacobs, the liaison reported. The Fisherman's Wharf Forward contract RFP is out to revitalize the Alioto's restaurant site; Pier 9 and Pier 15 seismic-safety RFPs are also progressing, and the South Beach Resilience Project contract has been signed and construction is scheduled to move into Q1 and Q2 of next year.
The port secured a $7,800,000 grant from the California Coastal Conservancy to offset bond funds on at least one project, the liaison said. The presenter also summarized that the U.S. Army Corps of Engineers' draft plan may create opportunities for federal crediting under a February 2021 memorandum of understanding but noted that congressional authorization is required; committee members were told that if Congress does not approve the federal contribution, the program could lose eligibility for that funding for two years.
Adam Barrett of the Port of San Francisco, who identified himself during the meeting, offered to arrange site tours for committee members. Committee members voiced appreciation for the progress and discussed the importance of continuing to track fund availability and federal-authority milestones.
No formal committee vote or action was taken on the port update at this meeting.
