Future of S.F. transit hub faces vote today

The multibillion dollar Transbay Terminal project that could change Bay Area transportation forever is poised for approval today despite a $2 billion shortfall.

The $4 billion Transbay rebuild of the aging terminal at Mission and First streets would put under one roof regional buses, BART, Muni and Caltrain in the South of Market area. It is also slated to bring high-speed rail to Northern California — making a trip between Los Angeles and San Francisco only two hours.

The Transbay Joint Powers Authority board is expected to approve moving forward with building the $1 billion Transbay Terminal, while holding off on the more expensive high-speed rail project until more funding is found.

The project suffered a setback in February when it became clear that the state’s high-speed bond measure, which would have generated nearly $500 million for the project, was not going to come before voters in November.

Transbay board members are optimistic that moving forward with the terminal will result in funding for the high-speed rail portion of the project.

“The most important thing when it comes to funding a project of this scale is persistence,” said Supervisor Chris Daly, who sits on the Transbay board.

A working group spent eight weeks exploring other revenue sources and last week presented a revised plan to the Transbay board that identified an extra $160 million to $260 million in funding if height limits in the 40-acre redevelopment area surrounding the terminal were relaxed.

The group proposed building two towers at least 850 feet high and a 1,000-foot Transit Tower, adjacent to the terminal. The Transit Tower would be one of the tallest buildings on the West Coast.

With the possibility of a new revenue source, Transbay board members seem to have reached a consensus on moving forward on the terminal, while waiting to build the high-speed rail part of the project when the needed $2 billion comes in.

“The Transbay project together with all the developments it will facilitate is clearly one of the biggest and most important projects in The City today and in the future,” Transbay board member Michael Cohen said.

With today’s approval, construction of the Transbay Terminal could begin in 2008.

jsabatini@examiner.comBay Area NewsGovernment & PoliticsLocalPolitics

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Deputy public defender Chris Garcia outside the Hall of Justice on Wednesday, June 16, 2021. (Kevin N. Hume/The Examiner)
As pandemic wanes, SF public defender hopes clients will get ‘their day in court’

Like other attorneys in San Francisco, Deputy Public Defender Chris Garcia has… Continue reading

A warning notice sits under the windshield wiper of a recreational vehicle belonging to a homeless man named David as it sits parked on De Wolf Street near Alemany Boulevard on Friday, Aug. 31, 2018. A proposed SF Municipal Transportation Agency law would make it illegal for overnight parking on the side street for vehicles taller than seven feet or longer than 22 feet. (Kevin N. Hume/S.F. Examiner)
Fight over ‘poverty tows’ heats up

‘What can we do to ensure the vehicle stays in the hands of the owner?’

Crab fisherman Skip Ward of Marysville casts his crab net out off a pier near Fort Point. (Craig Lee/Special to The	Examiner)
San Francisco came back to life, and we captured it all

Last spring, in the early days of the pandemic, the bestselling authors… Continue reading

Revelers at Madrone Art Bar in the early hours of June 15, 2021 (Courtesy Power Quevedo).
No social distancing at Motown-themed dance party

‘I don’t care how anyone feels, I just want to dance!’

Azikiwee Anderson of Rize Up Bakery pulls and twists sourdough into shape on Wednesday, June 2, 2021. (Kevin N. Hume/The Examiner)
San Francisco’s Rize Up Bakery serving up sourdough with a call to action

Azikiwee Anderson wakes up most mornings just before dawn to start cooking… Continue reading

Most Read