Seawall Program Schedule & Budget
Full infrastructure improvements are estimated to cost up to $5 billion. A proposed $425 million General Obligation bond for the program will be considered for the November 2018 ballot. The bond measure would require two-thirds voter approval and will not raise tax rates. Immediate seismic and ﬂood protection upgrades are targeted for completion by 2026. The program is currently in the early stages of planning, following an extensive Vulnerability Study.
Seawall Program Estimated Program Funding
Seismic improvements to the Embarcadero Seawall will require local, state, and federal partnerships for project legislation, permitting, and funding. Full infrastructure improvements are anticipated to cost up to $5 billion. The Port has identified potential sources for Phase I ($500 million) to address immediate life safety improvements.