The BART Board of Directors has agreed to move 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 by buying a new building.

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 board room in a separate building, is set to go up by 60 percent.

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Dan McMenamin is the managing editor at Bay City News, directing daily news coverage of the 12-county greater Bay Area. He has worked for BCN since 2008 and has been managing editor since 2014 after previously serving as BCN’s San Francisco bureau reporter. A UC Davis graduate, he came to BCN after working for a newspaper and nonprofit in the Davis area. He handles staffing, including coaching of our interns, day-to-day coverage decisions and management of the newswire.