This resolution allows the Port of San Francisco to lease land for an observation wheel to SkyStar Wheel, LLC without going through the usual competitive bidding process. The lease will last for 18 months starting November 1, 2025, with an option to extend for another 18 months, generating an estimated $1.8 million in revenue.
Resolution exempting from the competitive bidding policy set forth in Administrative Code, Sections 2.6-1 and 23.33, approving Port Lease 17322 for the continued operation of an observation wheel at SeaWall Lot (SWL) 301 between the Port of San Francisco and SkyStar Wheel, LLC for a period of 18 months with one 18-month extension option, to commence on November 1, 2025, through April 30, 2027, for a monthly base rent of $11,000 with annual increases plus a percentage rent of 8%, for an estimated revenue of $1,800,000; and adopting environmental findings under the California Environmental Quality Act.
How it got here
The legislation originated from the need to extend the lease for the SkyStar Wheel at Fisherman's Wharf following a successful initial operation period.
The Port Commission adopted an updated Waterfront Plan that included a stakeholder engagement process for waiving competitive bidding requirements.
A six-month special event license was entered into for the operation of the SkyStar Wheel at SWL 301.
The Port Commission approved an 18-month lease for the SkyStar Wheel and recommended waiving competitive bidding procedures.
The Board adopted a resolution waiving competitive bidding procedures for Lease 17136, allowing the SkyStar Wheel to continue operations.
The Port Commission adopted Resolution No. 25-49, approving the renewal lease for the SkyStar Wheel and recommending the Board waive competitive bidding requirements.
The Board adopted a resolution approving the renewal lease for the SkyStar Wheel, allowing operations to continue for an additional 18 months.
Reconstructed from attached documents & the official record
