[CPEO-IRF] Treasure Island (San Francisco, CA) plan wins commission approval

[Lenny Siegel <lsiegel@cpeo.org>]

SAN FRANCISCO
Treasure Island makeover plan gets thumbs-up
Board of Supervisors is next hurdle for $1.2 billion proposal

Robert Selna
San Francisco Chronicle (CA)
October 31, 2006

The city commission overseeing the former Treasure Island Naval Station 
approved a plan Monday to spend more than $1.2 billion to transform the 
403-acre island and its smaller neighbor, Yerba Buena Island, into a 
self-sufficient community with 6,000 homes, a new ferry terminal and 300 
acres of open space.

The seven-member Treasure Island Development Authority, appointed by the 
mayor, gave its support for a building blueprint that has been three 
years in the making.

The plan calls for nearly $500 million in private investment and $700 
million in borrowing by the city through the issuance of bonds backed by 
property taxes collected from the island after development is completed.

...

For the entire article, see
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/10/31/TREASURE.TMP

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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