Moscone Expansion District gets final approval

Published on : Thursday, February 7, 2013

The San Francisco Board of Supervisors today approved the creation of the Moscone Expansion District (MED) which will provide the majority of funding for the expansion of the City’s convention center.

In a unanimous vote, the Board passed a resolution approving the establishment of the MED and three additional measures that will help finance the expansion through issuance of Certificates of Participation and allow the project to move forward in the environmental review process.

Hotel assessments from the MED will provide two thirds of the funding for costs of the expansion project. The other third will come from a continuation of funding from the City’s General Fund. Project costs are estimated to be $500 million.

The expansion of Moscone Center will add approximately 350,000 to 400,000 square feet to the convention center, including 80,000 or more square feet of contiguous exhibit, essential for attracting larger conventions.

“San Francisco Travel is proud to be continuing and expanding our public/private partnership with our City partners to transform the Moscone Center into a state-of-the-art facility that will be even more competitive in attracting conventions to our city,” said Joe D’Alessandro, president and CEO of the San Francisco Travel Association.

“San Francisco has already lost meetings representing $2.057 billion in direct spending as a result of space limitations for meetings with dates between 2010 and 2019. The existing three-building configuration of Moscone Center is effectively filled to capacity,” D’Alessandro continued. “Therefore, it is impossible to significantly grow the San Francisco convention market without providing additional meeting and exhibit space – especially contiguous exhibition space.”

“Investing in the expansion of our world class Moscone Center is absolutely essential for San Francisco because tourism dollars generated by activities at the convention center ripple into every neighborhood of the City through jobs, local purchases and taxes paid by visitors,” said Mayor Edwin L. Lee. “The City is proud to partner with the hotel and tourism industry to make this investment which will help grow our recovering economy and create jobs.”

Moscone Center currently hosts 1 million visitors each year and generates more than $1.6 billion in visitor spending. This spending contributes millions of dollars to the City’s General Fund and supports thousands of jobs.

Tourism is San Francisco’s major industry, generating almost $8.5 billion in economic activity, supporting more than 71,400 jobs, and contributing $524 million to the General Fund to help support neighborhood services such as police protection, parks, roads maintenance and firefighters.

The planned expansion of Moscone Center will benefit the City in many ways:
It will create 3,424 long-term jobs (in addition to construction jobs). It will induce $713 million in direct spending in the first seven years after expansion opens. It will contribute $320 million more in incremental hotel tax revenues to the General Fund over the life of the District.

The district will begin collecting revenues in July 0f 2013 and construction of the expansion is anticipatged to begin November 2014 with completion anticipated in 2018.

The San Francisco Travel Association is the official tourism marketing organization for the City and County of San Francisco. For information on reservations, packages, activities and more, visit or call 415-391-2000. The Visitor Information Center is located at 900 Market St. in Hallidie Plaza, lower level, near the Powell Street cable car turnaround.

Source:- San Francisco

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 ITE-HCMC 2018
  • 13 aite 2018
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 18 thincindonesia 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 europecongress 18
  • 20 sahicsouthamerica 2018
  • 21 bitmchina 2018
  • 22 Hotel Management Singapore Summit 18
  • 23 PTM 2018
  • 30 PATA


Get our toolbar!
Review on