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Port presents $956 million 10-year capital plan, flags reliance on bond proceeds and transferable development rights
Summary
Port staff presented the seventh iteration of a 10-year capital plan that programs roughly $956 million across repair and enhancements, highlights volatile development revenue, and identifies infrastructure financing district bonds and transferable development rights (TDRs) as key future funding sources.
Port of San Francisco staff on the commission dais on March 1 presented a seventh edition of the port's 10-year capital plan, laying out roughly $956 million of programmed projects for fiscal years 2013'2022 and multiple funding scenarios to close a years-long shortfall.
Daley Dunham of the Special Projects Group, who said he has been one of the principal authors for seven years, told commissioners the plan now shows about 28 percent of programmed spending for enhancements and roughly 72 percent for state-of-good-repair work. He highlighted that moving to city-standard software modeling…
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