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California Pacific, Mayor Ed Lee reach agreement on controversial $1.7B Cathedral Hill hospital
San Francisco Business Times

Officials at California Pacific Medical Center and the city of San Francisco say they have reached a proposed development agreement that would allow the Sutter Health flagship hospital in San Francisco to build its controversial $1.7 billion hospital at the site of the old Cathedral Hill hotel. In return, according to the agreement’s executive summary, CPMC would guarantee to provide $1.1 billion in community benefits over a decade, including $115 million to mitigate traffic, affordable housing and other neighborhood impacts.

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