[Sustain] Important: Port Infrastructure Financing District (IFD) Legislation In Budget Committee This Wed Apr 17 - (Similar To Redevelopment Financing)

[Eric Brooks]

Hi all,

Jane Kim is introducing a Board resolution detailing Infrastructure 
Financing District (IFD) financing mechanisms for Port of San Francisco 
projects this Wednesday, April 17, 10am, Room 250, (Budget & Finance 
Committee).

I personally am already overtaxed by the CleanPowerSF and CEQA fights 
and so likely won't be able to go over this resolution.

But we should definitely take a look at it, because it could have 
profound implications to future Port projects.

Note: IFD financing uses 'tax increment financing' which essentially 
borrows from future project tax income (that would normally go to the 
city's General Fund) to pay project costs that ought to be paid for by 
developers themselves.

See the Budget & Finance agenda at: 
http://www.sfbos.org/Modules/ShowDocument.aspx?documentid=45068

Eric B

-- 

"I am not a liberator. Liberators do not exist. The people liberate 
themselves."

Che Guevara