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City Wants to Use Buildings as Collateral

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Looking for a little more cash in pocket, the city may soon put up some of its buildings as collateral for a $150 million loan. The main intent, it's said, is to provide financing for capital projects: street repaving, facility improvement, and other exciting things like that. Some of the buildings on the list: Alemany Market, the Police Academy, and the Northern Police Station. We trust City Hall won't be getting hocked. [SF Examiner]