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A $350 Million Bond to Repair San Francisco's Seawall
The city of San Francisco is looking to repair its seawall, a $350 million bond could start the process, but it won't cover the total cost. How much will it cost to repair the wall that stretches along the city's bayside? No one knows. The $350 million would, in part, pay for a study to find the best ways to improve the hundred-year-old structure.
"It would be an enormous boost for a project that eventually could cost anywhere from $2 billion to $5 billion," John King reports for the San Francisco Chronicle on what has been an ongoing concern in the city for years. "Under the current timeline, design work and environmental studies would begin in 2018, with construction on key stretches starting in 2021. The budget for these phases, billed as '…immediate life safety upgrades,' is $500 million," King continues.