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Old Posted Mar 28, 2012, 4:34 AM
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This passed a major hurdle tonight. If all goes well, it should break ground this summer.

Quote:
California Pacific, Mayor Ed Lee reach agreement on controversial $1.7B Cathedral Hill hospital project
San Francisco Business Times by Chris Rauber, Reporter
Date: Tuesday, March 27, 2012, 6:24pm PDT - Last Modified: Tuesday, March 27, 2012, 7:10pm PDT

Officials at California Pacific Medical Center and the city of San Francisco say they have reached a proposed development agreement that would allow the Sutter Health flagship hospital in San Francisco to build its controversial $1.7 billion hospital at the site of the old Cathedral Hill hotel.
In return, according to the agreement's executive summary, CPMC would guarantee to provide $1.1 billion in community benefits over a number of years.
The proposed agreement came after months of negotiation between California Pacific and San Francisco Mayor Ed Lee.
Source and article: http://www.bizjournals.com/sanfranci....html?page=all

Quote:
If all goes well, he said, the commission and the San Francisco Board of Supervisors would agree to the proposed plan by May, and CPMC would be able to proceed with the early stages of prep work by mid-summer.
However, Browner indicated it would take a minimum of 30 days after the April 5 meeting for the Planning Commission to move forward.
We’re hoping by July,” Browner said. “This project has been delayed long enough.”