LICENSEONGOING

TJPA Naming Rights Agreement With Salesforce Continues

TJPA continues its 25-year Naming Rights Agreement with Salesforce for the Salesforce Transit Center. The agreement generates $3.4 million annually in FY 2022/23, escalates 3% per year, and provides for a 20% increase after DTX completion through FY 2042/43.

Document date · February 9, 2023

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$3.4 million annually in FY 2022/23, with 3% annual escalation and a 20% increase upon completion of DTX
Contract type
LICENSE
Contract term
25 years; current term extends through FY 2042/43
Renewal date
2043-06-30
Renewal
Current 25-year term; the document assumes the agreement remains in effect through FY 2042/43. No separate renewal option is stated.
Document type
StaffReport
Source document
Transbay Joint Powers Authority StaffReport 20-Year Financial Plan and Downtown Rail Extension Project Capital Cost Estimate & Funding Plan Update 2023-02-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the license contract by Transbay Joint Powers Authority?

SALESFORCE was awarded this license contract by Transbay Joint Powers Authority, as recorded on February 9, 2023. The contract value is $3.4 million annually in FY 2022/23, with 3% annual escalation and a 20% increase upon completion of DTX.

How much is the SALESFORCE contract with Transbay Joint Powers Authority worth?

The SALESFORCE contract with Transbay Joint Powers Authority is valued at $3.4 million annually in FY 2022/23, with 3% annual escalation and a 20% increase upon completion of DTX, covering license work.

What type of contract is this?

This is a License contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Transbay Joint Powers Authority StaffReport 20-Year Financial Plan and Downtown Rail Extension Project Capital Cost Estimate & Funding Plan Update 2023-02-09 (StaffReport), dated February 9, 2023 from Transbay Joint Powers Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SALESFORCE hold?

SALESFORCE may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Transbay Joint Powers Authority currently buying?

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