Moscone Center Expansion Project
In February 2013, the Moscone Center expansion project finalized financing with the passage of the Moscone Expansion District (MED) and approval by the City to issue certificates of participation and commercial paper. Two thirds of these issuances will be repaid by hotel assessments from the MED and one-third will be repaid by the City. The construction and design cost of the project is estimated at $500.0 million. The City began utility work in November 2014 and hosted a groundbreaking ceremony in May 2015. Work will continue in planned phases around booked conventions through 2018. Expansion of the Moscone Center will create more than 3,400 construction jobs, nearly 3,500 permanent jobs, and generate an additional $20.0 million in annual hotel tax revenue for the City. In addition to over 515,000 square feet of exhibition space, the project will provide public amenities in the form of 12,000 square feet of new open space, 25,000 square feet of improvements and enhancements to pedestrian safety and access, including the widening of sidewalks, new retail, and outdoor dining.
Moscone Center Expansion
- over 515,000 square feet of exhibition space
- more than 3,400 construction jobs
- nearly 3,500 permanent jobs
- additional $20.0 million in annual hotel tax revenue for the City
- 12,000 square feet of new open space
- 25,000 square feet of improvements and enhancements to pedestrian safety and access
The project will be integrated with the Planning Department’s Central Corridor Project and will not affect Yerba Buena Gardens, the cultural facilities (ice rink, bowling alley, carousel, and outdoor play area), Sister Cities Garden, MLK Memorial and Fountain, Yerba Buena Center for the Arts Gallery & Forum building, Yerba Buena Center for the Arts Theater, the existing restaurants Samovar and B, the Esplanade Ballroom or Moscone West.
The project is a joint partnership between the City and the hotel industry, acting through the San Francisco Travel Association and the Moscone Expansion District Board, with the City paying approximately one-third of all expansion costs and the hotel community paying approximately two-thirds. The project includes extensive community outreach to surrounding neighbors, businesses and affected parties. As a publicly bid contract, the project will have a mandatory 30% local hire requirement with no less than 25%of project hours in each trade performed by disadvantaged workers (as required by the San Francisco Administrative Code).
- Developer: San Francisco Travel Association and the Moscone Expansion District, San Francisco Tourism Improvement District Management Corporation Board of Directors
- Location: Howard Street between 3rd and 4th Streets in the Yerba Buena Gardens neighborhood of San Francisco
- Proposed Site Uses: The expansion will add over 305,000 square feet of functional area, including new exhibition space, new meeting room and pre-function space, new ballroom space, and support areas.
- Project Status: The Board of Supervisors unanimously approved the creation of the Moscone Expansion District and the issuance of $507 million in Certificates of Participation on February 5, 2013. Project sponsors initiated the environmental review in March 2013 with the goal of starting construction in early 2015, continuing intermittently around existing reservations through 2018.
- For more information, please visit www.mosconeexpansion.com