Board of Supervisors - 2026-02-24

Approved hotel development incentive agreement between the city and Bespoke Hospitality LLC for the Hearst Hotel Development Project at 5th 3rd Street and 17-29 3rd Street, providing $40 million in financial assistance over 20 years as a percentage of transient occupancy taxes from the new hotel.

Appropriated $18.5 million from Port Harbor Fund to Port of San Francisco for stabilization and disposal of dry docks and other shipment improvements and safety measures in fiscal year 2025-2026.

Appropriated approximately $311,000 from general reserve to MTA for free one-hour parking at Portsmouth Square parking garage (February 8 through March 8, 2026) and transit fares for Lunar New Year parade on March 7, 2026.

Approved three easement acquisitions for subsurface sewer tunnel: 9.2 sq ft at 491 Gavin Street ($2,500), 298.2 sq ft at 495 Gavin Street ($25,000), and 693.2 sq ft at 499 Gavin Street ($32,000).

Approved 50th amendment to Treasure Island master lease with US Navy, extending term one year through November 30, 2026.

Approved first amendment to office lease with Chiu Laguna LLC for continued use of office space at 258 A Laguna Honda Boulevard, terminating February 28, 2029, at monthly base rent of approximately $4,825 with one three-year extension option.

Created Fisherman's Wharf entertainment zone encompassing Powell Street from Embarcadero to Beach Street, Embarcadero from Powell to Taylor Streets, Taylor Street from Embarcadero to Jefferson Street, Jefferson Street from Taylor to Hyde Streets, Beach Street from Hyde to Polk Streets, and surrounding streets.

Approved 10th amendment to paratransit broker agreement with Transdev Services Inc, extending term by two years through June 30, 2028, and increasing amount by approximately $30.8 million for total of approximately $339 million.