Redvelopment Rush Job: Supervisors Consider $70 Million Borrowing Plan

Pink Saturday June 27

The San Francisco Redevelopment Agency is pushing through last-minute legislation today that would let the city borrow $70 million for housing and public infrastructure South of Market.

And that's one way to end-run Gov. Jerry Brown's plan to strip cities of  redevelopment agencies.

The money would be used to help build out the Mission Bay redevelopment project in SOMA. Part of the money would help pay for a 150-unit low and moderate-income apartment building at Fourth and Mission Rock streets.

The remaining money would be used to help pay for already-built public infrastructure, including roads, traffic signals, utilities, and parks in the new Mission Bay neighborhood.

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