SFMTA reaches private property lease terms for Central Subway construction

rtands.com – excerpt

The San Francisco Municipal Transportation Agency (SFMTA) finalized the lease terms with the owner of the Pagoda Palace property in North Beach, Calif.

The San Francisco Municipal Transportation Agency (SFMTA) finalized the lease terms with the owner of the Pagoda Palace property in North Beach, Calif.
This step brings SFMTA closer to finalizing plans to extract its two tunnel boring machines (TBMs) that will be used to construct the Central Subway. The lease is subject to approval by the SFMTA Board.
“The Central Subway invests in a modern 21st Century public transportation system for San Francisco that will connect our city’s diverse neighborhoods and create thousands of jobs,” said San Francisco Mayor Edwin Lee. “This next step will allow the project to move forward in building a transit system for the growing population and workforce of the future and minimizes the construction impact to the North Beach neighborhood.”
The two-year lease, capped at $3.15 million, allows SFMTA to demolish the existing structure and utilize the property to retrieve the TBMs…
The project will also require National Environmental Policy Act clearance by the Federal Transit Administration. If all of the necessary legislative processes and approvals occur by April 1, 2013, then the demolition of the Pagoda Palace site can then commence. Before any construction begins, SFMTA will conduct building surveys on the properties adjacent to the Pagoda Palace site to assess existing conditions…  (more)

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