Board of Supervisors: Vote on Transbay Transit Center Development Tax
Developers who are building towers around the Transbay Transit Center in SoMa are fighting to reduce a special property tax that will be levied on developments in the area. The biggest loser could be the downtown rail extension to bring Caltrain and California high-speed rail into the terminal, as funds for the regional rail hub and other long-term projects would disappear.
The Board of Supervisors is expected to vote on approval of the “Mello-Roos” development tax district as originally agreed to by developers. Read more here.
Members of the public can speak on the issue at the hearing or email their supervisors on the issue before the meeting.
Agenda [PDF]
Of note:
SPECIAL ORDER 3:00 P.M.
15. 140836 [Public Hearing – Establishing the Community Facilities District (CFD) 2014-1 (Transbay Transit Center)]
Public hearing of persons interested in or objecting to the proposed Resolution of Formation for Special Tax District No. 2014-1, establishing the Transbay Transit CFD and determining other matters in connection therewith; Resolution determining necessity to incur bonded indebtedness for the CFD; and Resolution calling for a special election in the City and County of San Francisco to submit the issues of the special tax, the incurring of bonded indebtedness and the establishment of the appropriations limit to the qualified electors of the CFD.
Read More:
Streetsblog has migrated to a new comment system. New commenters can register directly in the comments section of any article. Returning commenters: your previous comments and display name have been preserved, but you'll need to reclaim your account by clicking "Forgot your password?" on the sign-in form, entering your email, and following the verification link to set a new password — this is required because passwords could not be carried over during the migration. For questions, contact tips@streetsblog.org.
More from Streetsblog San Francisco
Commentary: Is a Transporter Bridge the 100-Year-Old Solution for the Estuary Crossing We’ve all been Looking for?
Where the Hottest Blocks in Your City Are — And How To Cool Them Down
Legislation Moving to Make It Easier to Build High-Rises Near Transit in CA’s Seven Largest Cities
More high rises in the downtowns of our seven largest cities?
The post Legislation Moving to Make It Easier to Build High-Rises Near Transit in CA’s Seven Largest Cities appeared first on Streetsblog California.
