Committee forwards long-term YMCA lease for Crane Cove Park to full Board
June 09, 2023 | San Francisco County, California
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The San Francisco Board of Supervisors’ Budget & Finance Committee on June 9 voted to forward to the full Board a resolution authorizing a long-term lease of Building 49 at Crane Cove Park to the YMCA of San Francisco.
Chair Supervisor Connie Chan called the item and Port staff described a two-year competitive process that selected the YMCA as the preferred tenant. Josh Keane, assistant deputy director for waterfront developments at the Port of San Francisco, said the YMCA plans at least $5,000,000 in tenant-funded improvements, an initial 10-year lease with options extending the total term to roughly 34 years, and an initial annual base rent of about $93,000, with percentage rent for some private tenants. Keane said the YMCA will be responsible for maintenance, taxes and insurance and will provide publicly accessible restrooms for Crane Cove Park visitors.
Nick Menard of the Budget and Legislative Analyst’s office outlined the fiscal effects, saying the revenue to the Port over 10 years is “approximately $288,000” net of credits for the public bathroom and seismic work, and recommended the committee approve the resolution.
Public comment in the chamber included Enrique Landa, who said the Port “has opened up a waterfront” and urged support for the YMCA because it would expand public access, water-safety training and nearby business activity. Vice Chair Rafael Mendelmann moved to forward the resolution to the full Board with a positive recommendation; the roll call recorded Mendelmann and Chair Chan voting "aye" with one member absent, and the committee declared the motion passed.
The committee packet shows construction could begin as soon as next month and that the Port will issue permits; Keane said an optimistic opening target is early January 2024. Because the YMCA is expected to perform and fund much of the buildout, the Port reported it will have no maintenance or insurance obligations under the lease.
The full Board will consider the resolution on its upcoming agenda.
Chair Supervisor Connie Chan called the item and Port staff described a two-year competitive process that selected the YMCA as the preferred tenant. Josh Keane, assistant deputy director for waterfront developments at the Port of San Francisco, said the YMCA plans at least $5,000,000 in tenant-funded improvements, an initial 10-year lease with options extending the total term to roughly 34 years, and an initial annual base rent of about $93,000, with percentage rent for some private tenants. Keane said the YMCA will be responsible for maintenance, taxes and insurance and will provide publicly accessible restrooms for Crane Cove Park visitors.
Nick Menard of the Budget and Legislative Analyst’s office outlined the fiscal effects, saying the revenue to the Port over 10 years is “approximately $288,000” net of credits for the public bathroom and seismic work, and recommended the committee approve the resolution.
Public comment in the chamber included Enrique Landa, who said the Port “has opened up a waterfront” and urged support for the YMCA because it would expand public access, water-safety training and nearby business activity. Vice Chair Rafael Mendelmann moved to forward the resolution to the full Board with a positive recommendation; the roll call recorded Mendelmann and Chair Chan voting "aye" with one member absent, and the committee declared the motion passed.
The committee packet shows construction could begin as soon as next month and that the Port will issue permits; Keane said an optimistic opening target is early January 2024. Because the YMCA is expected to perform and fund much of the buildout, the Port reported it will have no maintenance or insurance obligations under the lease.
The full Board will consider the resolution on its upcoming agenda.
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