December 10, 2021:
The East Cut Community Benefit District launches its largest fundraising initiative to date, to save and build Under Ramp Park, the most important park space in the neighborhood! For the next two years, The East Cut CBD will work to raise funds needed to operate and maintain Under Ramp Park between the years 2025 and 2030. Those funds must be raised and set aside, in order for the City of San Francisco and public sector partners to advance the park development and deliver it by Q3 2025.
The first of two significant milestones is the fundraising of $1.2 million by the end of March 2022. The East Cut CBD already approved releasing $470,000 in reserve funds toward the goal, giving a substantial headstart to our effort.
Through December 31, 2021, at midnight, The East Cut CBD Board of Directors will match donations from neighbors, up to $20,000!
MAKE A TAX-DEDUCTIBLE DONATION
Under Ramp Park (temporary project name) is a 2.4-acre park space planned in The East Cut. The park spans four blocks and will connect to a hotel, residences, and six different streets. The park features a large fenced dog run, two multi-sport courts, lawn spaces, an outdoor fitness area, a beer garden, three affordable retail spaces, a two-way cycle lane, and so much more! Whether you live or work in the area, whether or not you have children and pets, this is the park for you. Under Ramp Park is the most connected park in the neighborhood and increases mobility for pedestrians and bicyclists through the neighborhood.
URP Pavillion Folsom
URP Pavillion and Flexible Lawn
URP Concession Seating
URP Concession and Leisure Games
URP Dog Park
URP Tehama View South
URP Howard Plaza
The East Cut Community Benefit District is raising funds to balance Under Ramp Park’s projected Operation and Maintenance budget and enable our public sector partners to begin the development process of Under Ramp Park (including construction).
The budget deficit amounts to $3.5 million for the first five years of operations (or $700,000 per year). After five years, The East Cut Community Benefit District will propose to raise special assessments collected on area property owners to provide a long-term solution to the deficit.
Phase 1: Now – March 2022
The East Cut CBD must raise $1.2 million to enable City partners to begin the construction documentation. The goal is to raise the money before the end of March 2022, so construction drawings are completed by the end of 2023.
Phase 2: March 2022 – December 2023
The East Cut CBD must raise a total of $3.5 million to enable City partners to begin the construction of Under Ramp Park. The East Cut CBD has the money set aside, hence guaranteeing the appropriate funding of the park’s operations and maintenance for the first five years.
Phase 3: January 2024 – 2025 Q3
Many thanks to our early campaign donors, most fervent supporters, and long-time partners:
Helen Han and Lani Volz
We also thank community members who are stepping forward early to support this campaign:
Ruth and Glenn
Roger and Adrienne B.
Nancy and Chris M.