California Construction News staff writer
The Roadmap to San Francisco’s Future, a strategy to support economic opportunity, vibrancy and resilience and reimagine Downtown hit targeted milestones in its first year.
That includes changing laws to help fill vacant office and retail spaces, passing policies and tax reforms to attract and diversify new industries and reworking planning and permitting rules.
San Francisco continued to lead the nation in generating venture capital investment, including through Artificial Intelligence, which added 1 million square feet of new office space in 2023.
This year the city will:
“The San Francisco we are building is a city of innovation and resilience, of safety and justice, and of opportunity and inclusivity,” said Mayor London Breed. “In the last year we’ve put forward policies and programs that have helped begin our work to revitalize Downtown as we adjust to a new future. San Francisco is an economic leader for our region and a global leader in new technology, and our continued success will lift up not only the Bay Area and our residents, but the entire state.”
Key accomplishments include streamlining the conversion of Downtown office buildings by adopting the Office-to-Housing Adaptive Reuse Program.
A proposed transfer tax waiver would incentivize conversion projects being considered by voters on the upcoming March ballot.
Also in 2023, the city supported efforts to bring educational institutions Downtown, including conversations with the University of California and Historically Black Colleges and Universities.
San Francisco also changed the way it approves and builds housing in order to address homelessness:
“The roadmap for San Francisco’s future has set us on the path to successfully creating a more vibrant, resilient, and diverse city,” said Rodney Fong, President and CEO of the San Francisco Chamber of Commerce. “Thank you, Mayor Breed, for your determination to continue pushing thoughtful and pragmatic proposals forward to positively shape San Francisco.”
California Construction News staff writer DisneylandForward, a $1.9 billion expansion plan, is expected to receive…
California Construction News staff writer Highway 1, severely damaged by recent storms, is on track…
California Construction News staff writer San Francisco has been awarded more than $37.9 million from…
Los Angeles Construction News staff writer The Los Angeles County Metropolitan Transportation Authority (Metro) has…
California Construction News staff writer Construction has started on 175 state-provided small homes, also known…
California Construction News staff writer Construction of Freedom Park, the largest veterans' park on the…