People pose along the Embarcadero waterfront on Thursday, August 3rd, 2017. (Mira Laing/Special to S.F. Examiner)

SF Port to forgive $13.5M in rent for waterfront businesses

Board of Supervisors to vote on proposal amid pandemic

Struggling businesses along the waterfront like restaurants, fish processing warehouses and ferry companies could soon have their rent forgiven under a proposal up for approval Tuesday by the Board of Supervisors.

Port of San Francisco officials said they expect to forgive about $13.5 million in rent for nearly 200 of their tenants to help them survive the financial impacts of the COVID-19 pandemic.

Restaurants, retailers and ferry services are among the businesses that would see the longest rent forgiveness under the proposal, from March 1 until the end of next April 30.

The 14-month period is expected to impact about 48 leases and total about $11.8 million in rent forgiveness.

Elaine Forbes, executive director of the Port, told the board’s Budget and Finance Committee last week that the program was advanced to “provide a real maximum opportunity for our tenants to weather the storm.”

She said the Port initially started with rent deferral but now has moved to forgiveness.

“We recognize that while we are encouraging a safe reopening and economics, the economics for our retail tenants and restaurants just are not there in the Covid pandemic and that we will be stronger if we can recover together,” Forbes said.

Port officials said they can absorb the loss in their budget, but will collect a certain percentage of revenues from the businesses’ sales.

Port officials estimate they could receive anywhere between $6.6 million to $13.3 million during the rent forgiveness period based on whether sales are 25 percent or 50 percent of those in 2019

A Port staff memo said that the proposal “aims to balance the need for relief for some tenant sectors with the Port’s need for a balanced budget and financial interests.”

“Like many commercial landlords throughout the country, the Port recognizes that keeping tenants in place rather than pursuing broad evictions makes financial sense during this downturn,” the memo said.

Crezia Tano-Lee, the Port’s manager of business strategy, said that many of the tenants “are very much hurting at this time.”

“We want to do our best to get that relief to them as soon as possible,” she said.

The memo said that between March 1 and July 15 tenants only paid the Port 56 percent, or $16.7 million, of what was owed.

The proposal at the Board of Supervisors will require the businesses to update their leases to recieve rent forgiveness, but will not require them to comply with some regulations that have been adopted since they last signed.

Those regulations could include requirements around all-gender bathrooms or plastic straw bans.

The board is expected to approve the proposal.

“I wish that all landlords were as generous and thoughtful as our San Francisco Port,” Supervisor Sandra Fewer said last week.

Bay Area NewsPoliticssan francisco news

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

Just Posted

A cyclist heads past an artistic sign onto Page Street, a Slow Street, at Stanyan Street near Golden Gate Park on Monday, April 12, 2021. (Kevin N. Hume/S.F. Examiner)
Push to make street closures permanent meets with resistance

Hastily thrown together during the pandemic, Slow Streets program now struggles to build support

Agnes Liang, who will be a senior at Mission High School, is running for one of the two student representative seats on the San Francisco Unified School District Board of Education. (Kevin N. Hume/S.F. Examiner)
Turbulent year on school board leaves student delegates undeterred

Around this time last year, Shavonne Hines-Foster and Kathya Correa Almanza were… Continue reading

(Kevin N. Hume/S.F. Examiner)
Three people killed in SF shootings in less than 24 hours

San Francisco police were scrambling Saturday to respond to a series of… Continue reading

Muni operator Angel Carvajal drives the popular boat tram following a news conference celebrating the return of the historic F-line and subway service on Friday, May 14, 2021. (Kevin N. Hume/S.F. Examiner)
Mayor, transit officials celebrate return of Muni service

Mayor London Breed and city transit officials gathered Friday to welcome the… Continue reading

San Francisco police investigated the scene of a police shooting near Varney Place and Third Street on May 7. (Kevin N. Hume/S.F. Examiner)
SFPD shooting may prompt new body camera rules for plainclothes cops

Police chief says incident ‘should not have happened’

Most Read