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SFMTA board backs roughly $43 million in RM3 local support for Potrero Yard down payment
Summary
The SFMTA board adopted a resolution to provide local support for approximately $42——$43 million in Regional Measure 3 funds toward the Potrero Yard Modernization Project down payment; staff described scope cuts that decouple housing from the yard and a shift away from developer-run DBOM operations to agency-managed maintenance to lower long-term payments.
The San Francisco Municipal Transportation Agency Board voted to adopt a resolution of local support for Regional Measure 3 (RM3) funds to fund the initial down payment for the Potrero Yard Modernization Project.
Sean Kennedy, the agency's chief planning and delivery officer, told the board staff is requesting roughly $43,000,000 in RM3 bridge-toll allocations as an initial milestone payment toward the larger Potrero effort. Kennedy framed the request as a pragmatic step to secure a down payment that reduces later financing costs while the overall scope continues to be refined under active negotiations.
"We're asking for about $43,000,000 in RM3 funding" Kennedy said, adding that the agency has been adjusting the project's scope to respond to a changing financial environment.
Staff described…
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