Mayor Lee has introduced legislation that will formally establish the Moscone Expansion District, increasing hotel room taxes to help pay for the convention center's growth and renovations. The expansion project would add more than 200,000 square feet of underground and aboveground convention and meeting space. According to San Francisco Travel, the proposed $500 million expansion will create about 3,420 new jobs and generate $700 million in revenue for the first seven years, and projects hotel occupancy will increase to an average of 87.6%. The Board of Supervisors received about 50% of petitions from hotels to establish the district (far more than needed), so everyone seems to be on board. The district legislation will be heard by the BOS Budget and Finance Committee on October 17, with final approval on October 26.
· San Francisco Mayor pushes Moscone Center expansion deal forward [SF Business Times]
· Past Moscone Center Expansion coverage [Curbed SF archives]