Joe Montana Scores Again
Former NFL great wins construction bid
Updated 12:15 PM PST, Mon, Jul 6, 2009
Former 49ers quarterback Joe Montana has scored again but this time he is getting more than seven points.
The NFL legend and his Connecticut based development group were awarded a $47 million in state bonds for a mixed-used development near the South Hayward Bart Station.
Remember Prop 1C back in 2006? Who could forget! It created a $2.8 billion bond to fill in low-density gaps in California cities; and now the final installment has been issued. Mazel tov to the lucky recipients: John Stewart Co., the Emerald Fund, Tenderloin Neighborhood Development Corp., and Montana.
The Emerald Fund (the company responsible for the dreadful Potrero Center) will put its $11 million toward building 308 rental units at 333 Harrison on Rincon Hill, and also towards the rehabilitation of the giant hot air balloon that brought its manager to San Francisco from Omaha. The John Stewart Co, on the other hand, will dedicate its $30 million to the building of Hunters View, a 750-unit mixed-income housing development.
First Published: Jul 6, 2009 11:04 AM PST
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