Arnie cares not for a special "infrastructure financing district" that San Francisco would have set up for the rehab of crumbling Pier 70. The governor vetoed a law that would have allowed the city to issue bonds to pay for such rehab— bonds that would be repaid by property taxes coming from the the spiffed up pier. Last year, voters pulled the "yes" lever on a proposition that would have put city funds into the pier's redevelopment, based on future hotel and payroll tax revenues. The project envisions 3 million square feet of offices, restaurants, and shops... someday. [SF Examiner, previously]
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