San Francisco proposal would convert parking garage into affordable housing, hotel

 : smartcitiesdive – excerpt
Dive Brief:
  • San Francisco has proposed a plan to redevelop the Moscone Convention Center’s 732-space garage into a multiuse complex with at least 100 affordable housing units and at least 650 hotel rooms, according to the San Francisco Chronicle.
  • The garage, which is owned by the San Francisco Municipal Transportation Agency, reportedly is 53% occupied during peak hours and generates $2.3 million each year for the city.
  • Leaders with the San Francisco Municipal Transportation Agency are scheduled to vote today on whether to move forward with the plan and issue a request for proposals for developers to build the multiuse facility… (more)
Does this mean the SFMTA that never produces a project on time or within budget will take on another construction project while they are stuck in the tunnels and having problems with the contracts they are already working on?
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SFMTA to solicit hotel developer for Moscone Center Garage

By  : sfexminer – excerpt
The San Francisco Municipal Transportation Agency voted to begin accepting proposals to replace the Moscone Center Garage with a hotel and affordable housing…
In July 2017, the Parking Authority transferred ownership of the Moscone Center Garage to the SFMTA, and the hotel development terms will see the transit agency retain jurisdiction of the site. The lease terms are for 65 years, with the option of a 34-year lease extension…(more)
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