According to city officials, the building would house most of its bureaucracy. While a specific site has not been determined, the city wants to build in the Civic Center area. Its preferred location is in the vicinity of Mission, Gough and Turk streets.
The city will hold a pre-bid conference today to discuss the specifications of the project. The city hopes to choose a developer by the early part of 2003 so that the building can be complete in 2007.
For the city, this project will enable it to cut leasing costs, as it currently spends more than $30 million per year to rent locations throughout San Francisco. If the city builds a new structure, it could cost more than $100 million but city officials say it would eventually be a valuable investment.
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