San Francisco Wants to Use Buildings as Collateral

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    TK
    Getty Images
    The city is looking to put some of its buildings up as collateral to qualify for loans.

    Looking for a little more cash in pocket, the city may soon put up some of its buildings as collateral for a $150 million loan.

    The main intent, it's said, is to provide financing for capital projects: street repaving, facility improvement, and other exciting things like that. Some of the buildings on the list: Alemany Market, the Police Academy, and the Northern Police Station.

    We trust City Hall won't be getting hocked.