SFGTV November 18, 2013
Significant milestone, in terms of putting in place, the first major component of our phase two funding plan and those are revenues that flow from the Transit Center and district plan as all of you recall it was enacted last august and as part of the plan it allows for the up zoning of certain parcels on the planning area and up zoning allows for the developers to build the taller buildings and they are worth more money and so that is a significant benefit to the developers and in exchange, the developers are required to pay Certain Property taxes and impact fees. And so, the city is working t...