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San Francisco LGBT Center Wants bailout

From a tear-soaked San Francisco Chronicle:

LGBT Center looks to San Francisco for bailout

Wednesday, March 10, 2010

Eight years after opening with great fanfare, San Francisco’s city-subsidized, $12.3 million Lesbian, Gay, Bisexual and Transgender Community Center is on the verge of foreclosure – and is asking the cash-strapped city for a $1 million line of credit to help bail it out.

And from the looks of things, the center will probably get it.

The thinking: The city has already spent about $5.7 million on the building at Market and Octavia streets and needs to "make sure it doesn’t go under," said Supervisor David Campos, who along with fellow gay Supervisor Bevan Dufty is seeking approval of a $1 million "mortgage relief" fund.

Even that, however, might not be enough to save the center.

According to a new report by the Board of Supervisors budget analyst, the center could need even more public funds to cover the nearly $3 million that it still owes on its mortgage

Located at the gateway to the Castro district, the LGBT Center and its staff of 24 offers everything from counseling and job training to HIV prevention and arts programs. Of its $1.8 million budget, $777,000 consists of city contracts.

But the center has never made the money it expected from renting out rooms to community groups, and with the recession there has been a drop-off in contracts and in contributions from foundations and individuals.

One casualty of the pinch was the mortgage, which is two months in arrears.

LGBT Center Executive Director Rebecca Rolfe says the nonprofit has furloughed workers, reduced benefits and cut programs, but it hasn’t stopped the bleeding.

Hence, the "mortgage payment reserve fund" – starting with a $157,500 loan from the city’s general fund. It would be "replenished" as needed with another $866,250.

If approved by the Board of Supervisors and the mayor, the bailout would be the first time the city has used its general fund to guarantee mortgage payments on behalf of a nonprofit, according to the budget analyst’s report.

Dufty says the center’s mortgage holder, First Republic Bank, insisted that the city put up some money before it would redo the center’s loan.

"Yes, it’s a bad time" for the city to have to come up with funding, Dufty said. "But for the dollar amount, I think we’re getting a tremendous benefit."

Certainly the Lesbian, Gay, Bi-sexual and Transgendered center must get millions more dollars from the city.

Those poor persecuted people surely need a place of sanctuary in homophobic San Francisco.

  Update!

We have just received this missive from someone purporting to represent the San Francisco LGBT Community Center:

On behalf of the SF LGBT Community Center, I’d like to take a minute of your time and respond to recent media reports. The Center serves over 9,000 people each month; hosts over 3,000 activities each year; pilots groundbreaking services, and reaches LGBT community members most in need. What we are not is in foreclosure – nor are we asking the City for a $1 million bailout. Please read our complete statement: http://bit.ly/9dWhrD (PDF).

We report, you decide.

This article was posted by Steve on Friday, March 12th, 2010. Comments are currently closed.

11 Responses to “San Francisco LGBT Center Wants bailout”

  1. oki2 says:

    I was always under the impression that that area was more LGBT friendly, and certainly not homophobic.

  2. proreason says:

    When will people who aren’t perverts or deadbeats or Obamy goons get a handout.

  3. Mithrandir says:

    All the unpopular activist groups need to leach off of the government (taxpayers) in order to survive, because they can’t make or beg a dime off of anyone else.

    Just like the black student union that does ‘important work’ like protesting, complaining, rallying—they can’t get part-time jobs to fund their activism, so they have the student body fund it.

  4. U NO HOO says:

    “renting out rooms to community groups”

    Yeah, my community group is going to rent a room from the LGBT, RSVP, LS,MFT, PDQ, QED, center.

    Not.

  5. U NO HOO says:

    “LGBT Center Executive Director Rebecca Rolfe says”

    From Wikipedia:

    “After her baptism, Pocahontas was given the English name Rebecca. She was called Rebecca Rolfe by the English after her marriage.”

    Just saying…

    • Right of the People says:

      “Do you believe in fairies?”
      “I do, I do!” Peter Pan has come true in the cesspool by the bay.

  6. JohnMG says:

    …..” Peter Pan has come true in the cesspool by the bay……”

    Isn’t Peter Pan something you find in a hospital?

  7. GetBackJack says:

    Whatever happened to equal protection under the law?

    Equal Rights?

    All Men Are Created Equal?

    So … all a’ya’ll get together with me and demand Federal Funds for Men Who Oppressed By 1% of the Idiocracy.

  8. misanthropicus says:

    And the mental giant Gary Newsom plans to run for for California lieutenant governor – thanks god, with him and Jerry Brown in the office in Sacramento, the tragically oppressed California rectal community can rest assured – the millions are theirs –

  9. Mithrandir says:

    “It’s not a GRANT, it’s a loan!” Um, that is called a BAILOUT. That is what happened to the banks, they were BAILED OUT by the feds, yes, they also had to pay the money back…..the LGBT is still asking the city for a $1 million BAILOUT, even though they insist it’s not a BAILOUT.

    If an LGBT center can’t raise funds in SAN FRANCISCO, of all places on Earth, they should just fold up shop and forget about it.

    The homosexuals will spend millions stopping a pro hetero marriage proposition, but can’t raise even 1 of those millions to help their fellow oppressed brother/sisters out eh?

  10. Tater Salad says:

    News to report:

    Nancy Pelosi’s husband is a big wig at Starkist Tuna and has received some “special treatments” by the Federal government. Can anyone confirm this? If so, there could be some laws broken here.


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