OAKLAND, Calif. (KGO) -- BART is planning to move its Oakland headquarters in an effort to save millions of dollars a year.
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The agency's rent at its current headquarters at Kaiser Center will go up by nearly 60-percent when it expires in 2021. That would leave BART with a rent of $24 million per year. To save millions of dollars, agency staff are proposing buying a building a few blocks away on Webster street. Buying that building would cost $140 million. BART would need to spend another $87 million on construction.
The Chronicle reports BART would pay for the move with a 25-year sales tax bond. The agency already bonds for its current operations, and a move wouldn't raise taxes or fares for riders.
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BART proposes moving Oakland headquarters to save millions of dollars