[CPEO-MEF] REUSE: San Francisco to buy Treasure Island Navy Base

[Lenny Siegel <lsiegel@cpeo.org>]

City to get Treasure Island for $105 million

John Coté
San Francisco Chronicle
December 17, 2009

San Francisco -- Mayor Gavin Newsom struck a deal Wednesday with the 
U.S. Navy to transfer Treasure Island to San Francisco for a $55 million 
guaranteed payment over several years. Additional considerations could 
make the package worth more than $105 million to the federal government.

The agreement paves the way for the city to undertake one of its most 
ambitious development projects - remaking the closed naval base on a 
man-made island in the middle of San Francisco Bay into a model of 
sustainable development.

"We can finally begin the hard work of making sure the city's grand 
vision for Treasure Island can be realized," Newsom said in a statement 
announcing the deal with Secretary of the Navy Ray Mabus.


...

For the entire article, see
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/12/16/BA6R1B5BR3.DTL&tsp=1


See also "SF to pay $100 million for disappearing island" at
http://www.sfbg.com/blogs/politics/2009/12/sf_to_pay_100_million_for_disa.html

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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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