19 February 2013 ~ 0 Comments

North Beach update: SFMTA Board approves Pagoda lease, construction costs

Pagoda inside 5b

Inside the Pagoda Palace, a former theater that will be demolished under a plan to relocate the retrieval site for the machines that will build the Central Subway tunnels.

Today the SFMTA Board of Directors voted unanimously to approve key components of the plan to relocate the retrieval site of the Central Subway’s tunnel boring machines (TBMs) from Columbus Avenue to the Pagoda Palace (1731-1741 Powell Street). The Board’s vote authorizes a two-year lease to utilize the Pagoda property. It also allows for the increased construction costs associated with the site change, including demolishing the existing structure and extending the Central Subway tunnels past the original site on Columbus Avenue.

The two-year lease, capped at $3.15 million, including $800,000 in rent and up to $2.35 million in ancillary fees, allows the SFMTA to demolish the existing structure and utilize the property to retrieve the TBMs. Total costs to the SFMTA, including the lease, demolition of the building and extraction of the TBMs, will not exceed $9.15 million. Additional details about the lease are available in this press release from the SFMTA.

Next week, the Board of Supervisors will consider a Special Use District (SUD) for the Pagoda Palace site. The SUD would allow the owner of the Pagoda Palace to move forward with a previously approved development project after the building is demolished and the TBMs extracted.

  • On Monday, February 25, the Board of Supervisors’ Land Use Committee will consider the SUD. This meeting will begin at 1:30 p.m. at City Hall, Room 263.
  • Should the SUD pass the Land Use Committee, it will go before the full Board of Supervisors on Tuesday, February 26. This meeting will be held at 2 p.m. at City Hall, Room 250.

Members of the public may comment on the SUD at the Land Use Committee meeting.

We thank the community, Mayor Lee, Supervisor David Chiu, numerous city agencies, and the property owner for their support and cooperation throughout this process. We will continue to keep you informed as we work to finalize the retrieval site change.

 

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