This resolution approves the fiscal feasibility and term sheet endorsement for redeveloping Pier 45 and Seawall Lots 300/301. The project aims to modernize Fisherman’s Wharf by revitalizing the historic area with new commercial spaces, upgraded infrastructure, and enhanced public amenities. The development will support the local fishing industry, elevate visitor experience, and incorporate sea-level rise protections.
This decision is crucial to boosting San Francisco's northern waterfront economy and preserving its fishing heritage. The revitalization addresses critical infrastructure challenges and promotes sustainable development.