Important: Port Infrastructure Financing District (IFD) Legislation In Budget Committee This Wed Apr 17 - (Similar To Redevelopment Financing)
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
participants (1)
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Eric Brooks