Potential hiccup for UCSF's planned purchase of Blocks 33/34...couple of supes are getting a little uppity about the affordable housing and infrastructure payments proposed in the deal.
For those who don't know, as a state entity, UCSF is exempt from the property tax and other fees normally associated with development, but the university generally makes deals for equivalent payments to offset the loss of that revenue for the city. In this case, UCSF is proposing to pay tens of millions upfront in exchange for a $7 million discount on the bill. Under normal development, those taxes and fees would be paid out by the developer over decades, so UCSF basically just wants a "paid with cash" discount.
A number of folks think it's a good deal, as getting a bulk payment up front lets the city move forward on affordable housing and other projects sooner, but some supes don't like it.
http://www.sfexaminer.com/sanfrancis...nt?oid=2787357