Pier 70 financing bill dies in Sacramento

Redevelopment plans for the long-dilapidated Pier 70 area have fallen victim to legislative gridlock in Sacramento.

A bill that would have allowed the Port of San Francisco to raise funds for environmental cleanup efforts and other projects at the 65-acre site through the creation of an infrastructure financing district passed both houses of the state legislature unanimously but it was among the slew of bills recently vetoed by Gov. Arnold Schwarzenegger.

“[A.B. 1176] did not survive the rash of vetoes,” Port Executive Director Monique Moyer told commissioners last week. “We will try again.”

In his veto statement, Schwarzenegger “lamented the fact that major issues are overlooked while many unnecessary bills come to me for consideration.”
 

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