By Joshua Sabatini : sfexaminer – excerpt
The fallout of San Francisco’s sinking downtown Millennium Tower broadened Tuesday when millions of dollars for the second phase of the nearby Transbay Transit Center was blocked amid concerns The City will once again be on the hook for ballooning costs.
Earlier this year, the the Board of Supervisors approved a $260 million bailout for the Transbay Joint Powers Authority’s Phase 1 of the Transbay Transit Center. Months later, the 58-story Millennium Tower near the center and under TJPA oversight was revealed to have sunk more than three times its forecasted sinking, prompting a lawsuit and city investigations.
Meanwhile, city leaders are slamming the brakes on the second phase of the multi-billion dollar transit project.
On Tuesday, the head of the Transbay Joint Powers Authority, Mark Zabaneh, said he wanted $6.77 million in Proposition K sales tax revenue to move ahead with the $3.9 billion Phase 2 of the project… (more)