Committee advances Mission Rock lease clarifications and port leases for Recology and Anderson Enterprises

Port and real‑estate staff asked the Budget and Finance Committee on Nov. 15 to recommend approval of technical lease amendments at Mission Rock and two separate port leases intended to continue industrial and maritime uses.

Josh Keene and port real‑estate staff described three actions: technical amendments to parcel leases under the Mission Rock disposition and development agreement to clarify port participation in future financing events; a new six‑year lease with Recology San Francisco at Pier 96 for recycling operations (monthly base rent set at approximately $369,500 with annual 3% increases and a sixth‑year fair‑market reset); and a three‑year lease with Anderson Enterprises at Piers 68–70 for vehicle storage and related uses (initial term with three one‑year options).

BLA review: The Budget and Legislative Analyst recommended approval of the Recology lease as reasonable for a short‑term arrangement given flood and site constraints and estimated revenue of roughly $28.7 million over the lease term; BLA also summarized the Anderson lease revenue (approx. $2.4 million over initial three years, up to ~$5.2 million with extensions).

Committee action: After presentations and no public comment, the committee voted 3–0 to forward the lease amendments and both port leases to the full Board with positive recommendations.