San Francisco lawmaker seeks $250 million from state taxes on development to fund seawall

bizjournals Monday, 19 March 2018 ()
New legislation slated to be introduced today by Assemblyman David Chiu (D-San Francisco) is aiming to spend $250 million gleaned from state taxes on development along the city's waterfront toward a restructuring of its seawall, the San Francisco Chronicle reports. In April 2016, a report from the Port Commission found fixes to San Francisco’s seawall could cost $5 billion and should be built over the next 10 years to protect the entire seafront from earthquakes and overflow from the Bay. It…
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