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Port director highlights 55% balance‑sheet gain and waterfront activations
Summary
Port Director Elaine Forbes told the Port Commission the agency’s balance sheet rose 55% year‑over‑year, driven by added infrastructure and bond issuance, and outlined a slate of public‑facing projects including Fleet Week, an expanding Big Art Loop and an entertainment zone on the Central Waterfront.
SAN FRANCISCO — In a packed Port Commission meeting, Port Director Elaine Forbes presented a broadly upbeat executive report, saying the port’s balance sheet rose about 55% — from roughly $624 million to $967.7 million — driven by absorbed infrastructure and bonds issued for waterfront resilience.
"This is a historic year to our balance sheet position, a 55% increase," Forbes said, linking the gain to park acceptances at China Basin and Bayfront and recent bond issuances. She credited port staff and the commission for work on waterfront…
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