Rules Committee forwards Potrero Power Station EIFD appointments to full Board

The San Francisco Board of Supervisors’ Rules Committee on June 12 unanimously sent three appointments for the Potrero Power Station Enhanced Infrastructure Financing District (EIFD) Public Financing Authority to the full Board for confirmation.

Chair Supervisor Matt Dorsey explained the Potrero Power Station project is a mixed-use waterfront redevelopment that would include about 2,600 housing units — roughly 30% set as affordable — commercial space, community facilities and about 7 acres of green space. The EIFD and a Public Financing Authority (PFA) were created by Board action in April 2023 to finance public capital facilities and oversee issuance of bonds for the project.

President Aaron Peskin nominated two public members — Catherine Dumani and Keith Goldstein — for the PFA’s public seats and appointed Supervisors Chan, Melgar, Gar and Walton to the supervisory seats; Peskin nominated himself as alternate for seats 1–3. Catherine Dumani appeared online and said she looked forward to helping advance the project. Keith Goldstein called in from London and said he was “very excited about the power station project” and the community benefits it will bring.

With no public opposition, Chair Dorsey moved to remove the committee’s ‘reject’ language and forward the three appointments to the full Board. The committee took a roll call and approved the motion unanimously (Walton: aye; Safae: aye; Dorsey: aye), sending the appointments to the Board of Supervisors for final consideration.

The PFA will adopt and implement an Infrastructure Financing Plan that outlines incremental property-tax allocations to the district and will oversee bond issuance; the plan must later be brought back to the full Board for approval.

What’s next: The full Board will consider confirmation of the nominees, the formal establishment of the PFA’s governing rules and the EIFD’s financing plan at a future meeting.