The San Francisco County Transportation Authority could move out of its longtime office building for a new location with the help of a $750,000 buyout from its current landlord.
The authority, which oversees funding allocations for local transportation projects, has been located at 100 Van Ness Ave. since 1993. The authority had plans to extend its stay for another five years, but the new owner of the building, the Civic Center Commons Associates, wants to transform the high-rise structure into a residential development.
Intending to start this transition soon, CCCA has offered the authority $750,000 to help relocate the city agency to another office building. The authority has identified an open location at 1455 Market St. that would be able to fit the agency’s needs. Annual rent at the new location would be $685,272, and with the help of the $750,000 injection from CCCA, authority officials say they can make the move without it affecting the agency’s budget.
On Wednesday, the authority’s Citizens Advisory Committee will vote on recommending the move. It will come back to the authority’s Board of Directors (comprised of The City’s Board of Supervisors) for final approval next month.