Mayor Newsom and President Chiu Introduce $27 Billion 10 Year Capital Plan

Mayor Newsom and President Chiu Introduce $27 Billion 10 Year Capital Plan Plan will create 190,000 new construction-related jobs and addresses critical capital needs and expenditures

Mayor Newsom and Board of Supervisors President David Chiu introduced the City’s FY 2011-2020 Capital Plan at the Board of Supervisors on Tuesday to improve the City’s economy and infrastructure. The Plan recommends $26.9 billion in total capital investments ranging from road resurfacing to the rebuild of San Francisco General Hospital to maintenance, repairs and seismic retrofits of our schools, parks, and public safety buildings. The investment is expected to create an average of 19,000 new construction-related jobs in San Francisco per year.

“The Ten-Year Capital Plan addresses basic needs for our streets, parks, schools and libraries as well as critical public health and safety projects,” said Mayor Newsom. “It provides us with an objective and realistic roadmap to create local jobs and prioritize improvements to our infrastructure.” Read more

Posted on April 7, 2010 | The comments to this entry are closed.