News

BART board approves purchase of new headquarters

Officials say building’s $227M pricetag will save agency nearly same amount over 25-year period

The BART Board of Directors recently approved moving the transit agency's headquarters to another building in Oakland because the cost of leasing the current space is increasing and BART will save money in the long run by buying and renovating a different building now for nearly $230 million.

BART's current headquarters is at 300 Lakeside Drive, but its lease expires in July 2021 and the cost of leasing the 369,000 square feet of office space on 14 floors with a boardroom in a separate building is set to go up by 60%.

The BART board voted Sept. 12 to move the headquarters to 2150 Webster St. in the spring of 2021. Both the current and future headquarters are near the 19th Street BART Station in uptown Oakland.

BART Board President Bevan Dufty noted that the new building will have a ground-floor board room that is more accessible to the public, and the 244,000 square feet across 10 floors will "spur BART administrative staff to downsize their footprint."

The $142 million purchase of the building and $85 million in interior construction is being financed by a 25-year sales tax bond, and the agency says it will save at least $210 million over that 25-year period by purchasing the building rather than staying at the Lakeside Drive location.

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BART has had its headquarters in the current location since 2003. It was forced to move to the leased space after the original headquarters building at the Lake Merritt station was deemed to be seismically unfit.

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BART board approves purchase of new headquarters

Officials say building’s $227M pricetag will save agency nearly same amount over 25-year period

Uploaded: Mon, Sep 23, 2019, 1:45 pm

The BART Board of Directors recently approved moving the transit agency's headquarters to another building in Oakland because the cost of leasing the current space is increasing and BART will save money in the long run by buying and renovating a different building now for nearly $230 million.

BART's current headquarters is at 300 Lakeside Drive, but its lease expires in July 2021 and the cost of leasing the 369,000 square feet of office space on 14 floors with a boardroom in a separate building is set to go up by 60%.

The BART board voted Sept. 12 to move the headquarters to 2150 Webster St. in the spring of 2021. Both the current and future headquarters are near the 19th Street BART Station in uptown Oakland.

BART Board President Bevan Dufty noted that the new building will have a ground-floor board room that is more accessible to the public, and the 244,000 square feet across 10 floors will "spur BART administrative staff to downsize their footprint."

The $142 million purchase of the building and $85 million in interior construction is being financed by a 25-year sales tax bond, and the agency says it will save at least $210 million over that 25-year period by purchasing the building rather than staying at the Lakeside Drive location.

BART has had its headquarters in the current location since 2003. It was forced to move to the leased space after the original headquarters building at the Lake Merritt station was deemed to be seismically unfit.

— Bay City News Service

Comments

John
Carlton Oaks
on Sep 23, 2019 at 2:54 pm
John, Carlton Oaks
on Sep 23, 2019 at 2:54 pm
1 person likes this

$85 million in upgrades is a no small change. Must be nice!


Map
Del Prado
on Sep 24, 2019 at 12:49 pm
Map, Del Prado
on Sep 24, 2019 at 12:49 pm
5 people like this

No trouble finding money for office space but never enough money for upgrading the BART stations,fast tracking badly needed new train cars and who cares about improving security and hiring more police officers. Too bad they didn’t save all that tax money that was earmarked for the Livermore BART stations that will never be built, that pile of money would have paid for all their little pet projects! What happened to the money from those empty lots that the taxpayers bought for future parking garages that were sold to developers?? Shades of the PUSD, we buy it and they sell it!


sjd
Livermore
on Sep 24, 2019 at 6:02 pm
sjd, Livermore
on Sep 24, 2019 at 6:02 pm
4 people like this

Did anyone actually read the part about where they're actually saving money by downsizing and buying instead of leasing?

Nah, let's just keep complaining.


James Michael
Registered user
Val Vista
on Sep 24, 2019 at 10:18 pm
James Michael, Val Vista
Registered user
on Sep 24, 2019 at 10:18 pm
3 people like this

"Nah, let's just keep complaining."

Ya, we will until BART gets it together because that's all we can do.


Pleasanton Parent
Registered user
Pleasanton Meadows
on Sep 24, 2019 at 11:18 pm
Pleasanton Parent, Pleasanton Meadows
Registered user
on Sep 24, 2019 at 11:18 pm
5 people like this

Maybe they can build a "navigation center" in the new HQ and get the homeless off their trains.


aditus
Bonde Ranch
on Sep 29, 2019 at 2:46 am
aditus, Bonde Ranch
on Sep 29, 2019 at 2:46 am
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