The decline of real-estate values in and around Civic Center has been, in a twisted way, to The City’s benefit.
The fiscal benefit of the real-estate consolidation is immediate. The savings — $6.2 million next year and $2.9 million the following — were among myriad ways The City looked to shed costs as it closes a two-year deficit of about $800 million in Mayor London Breed’s budget proposal, which she introduced late last month.
The City maintains “a commitment to the Civic Center area, and we’re staying,” said Sophie Hayward, a spokesperson for the City Administrator’s Office, which oversees San Francisco’s real-estate portfolio. It’s time for a new strategy in the war against fentanyl abuse Failing to help addicts battling the lure of the powerful drug is both immoral and unethical
According to the City Administrator’s Office, lease restructuring has saved 11 city departments money in their real-estate budgets.