But four members of the Board of Supervisors countered the move by sponsoring Proposition R, a non-binding measure that lets voters give their opinion on the matter. Mayor Willie Brown then stepped in and asked the parties to discuss ways for both projects to be housed in the shed.
Malrite reportedly offered to slice off 4,000 sf of Shed A and donate it rent-free to the Bay Center. It also offered to throw in a $750,000 annual subsidy and use of Malrite marketing resources. It apparently wasn't good enough because both sides say talks have broken down, giving voters the opportunity to be the swing vote.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
