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