It took longer than expected, but the Board of Supervisors finally approved the creation of the SoMa West Community Benefit District (CBD). While the majority of property owners had already voted in favor of the CBD, the Supervisors held up the creation until a compromise could be reached with non-profit housing organizations who owned land in the area. Non-profit housing parcels will be given a 40% discount in their CBD contribution and a 7.5% discount from their assessment payment.
The SoMa West CBD is the 17th Community Benefit District in San Francisco. Community benefit districts are neighborhoods in the city that choose to pay an additional property tax in return for more neighborhood services. The SoMa West CBD will generate $3.74 million annually to pay for more sidewalk cleaning, foot patrols, and security cameras in the neighborhood.
The Board unanimously passed Supervisor Sandra Lee Fewer's legislation cracking down on vacant commercial storefronts. The legislation requires all vacant storefronts to register with the City, regardless of whether they are being offered for lease.
Vacant storefronts have become a prominent problem among legislators this year, so look for more vacant storefront legislation to start winding its through City Hal very soonl. Mayor London Breed has her own legislative package that will streamline permits for new small businesses and allowing more flexibility around pop-ups and creative uses. Supervisor Aaron Peskin has proposed a "vacancy tax" of $250 per day for commercial storefronts that have been left vacant for a certain amount of time.
Sign up for the Bay City Beacon weekly newsletter! It's a free way of getting the best of political gossip and cutting-edge culture in your inbox every Friday.