![]() “We are thrilled to partner on this world-class, state-of the-art transportation hub, which will provide better access to and from San Francisco and a sprawling green park in the hub of downtown for all to enjoy.” “We’re committed to growing here and continuing to help make this city a better place for all its citizens,” Elizabeth Pinkham, Salesforce executive vice president for global real estate, said in a statement. ![]() “The goal is that after the first few years, the center will pay for itself.”įor Salesforce, the sponsorship emphasizes its presence in the center of the city - a much different approach than companies such as Apple and Google, which call Silicon Valley home. “This brings us a steady stream of funding to help operate at less of a deficit,” Zabaneh said. The park will include an amphitheater, a children’s playground and a large restaurant. ![]() The sponsorship money would go toward the estimated $20 million annual cost of operating the transit center and the rooftop park. When train service begins - there is no projected date - the annual fee would jump by another 20 percent. In year four, Salesforce would pay $3.28 million, and that rate would increase annually by 3 percent for the remainder of the agreement. There would be no payments the next two years. The deal would bring $1 million to the authority at the time of signing, and $9.1 million when bus service begins, expected next spring. There are no restrictions” imposed by Salesforce. “That was an important negotiation point,” said Mark Zabaneh, the authority’s executive director. A construction worker walks past Salesforce Tower signs on the outside of the Transbay Terminal construction site in San Francisco, CA, on Friday July 7, 2017. ![]() Nor would Salesforce have veto authority on events held in the park, even those of rival corporations. The cloud-like Salesforce logo that adorns two towers near the transit center would not appear on the exterior of the new facility, however. Similarly, the 5.4-acre rooftop open space will become Salesforce Park if the board of the Transbay Joint Powers Authority approves the contract Thursday at its monthly meeting. ![]()
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