October 8, 2024 CFSI Staff

$550 million plan for Fisherman’s Wharf divides owners of historic businesses

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San Francisco’s Port Commission is set to decide on a $550 million tourism development plan for Pier 45, part of the historic Fisherman’s Wharf. Fishermen see the project as a threat, as Pier 45 is vital for unloading their catch and storing gear. Despite plans to accommodate their work, concerns persist that the project could harm the fishing industry. The proposal, led by Lou Giraudo, aims to revitalize the wharf with a fish market, event space, hotel rooms, and more, though some—including Giraudo’s son, Dan—oppose it, arguing the focus should be on supporting existing businesses struggling since the pandemic. The plan would take years to materialize, with construction starting in 2028, and aims to address seismic and sea-level risks. While developers pledge to support the fishing industry, fishermen worry the plan could complicate their operations and reduce crucial storage and parking space. The project has sparked deep divisions within the community and among local businesses.

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