It was their votes last fall to turn down a nonprofit developer's plan to convert the 30-unit Plaza Hotel at Sixth and Howard streets into a taller, 115-apartment complex that precipitated much of the criticism since then. It then voted to give the agency itself responsibility for developing the Plaza Hotel.
The commission will consider appropriating $500,000 to move toward design and construction of the Plaza Hotel project, which also includes housing for a popular Filipino-American theater, and also whether to approve a relocation plan for existing tenants.
Daly and other critics have charged that a government-overseen operation, the first that the Redevelopment Agency has undertaken in the housing market, may take up to three years more and cost extra compared with nonprofit developer Todco's plan that is ready to go.
The Redevelopment Agency, created more than 50 years ago by the Board of Supervisors under the state's Community Redevelopment Law, is a separate legal entity but works closely with city agencies to improve underdeveloped or blighted areas. Those neighborhoods, which are designated by the board, currently include the Yerba Buena Center and Hunters Point as well as parts of the South of Market neighborhood. The Plaza Hotel site is located at 988-992 Howard Street in the South of Market district.
The agency will meet later this month to discuss the plan.
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