San Francisco Claims Treasure Island

The City of San Francisco has secured a deal with the U.S. Navy to purchase Treasure Island, a man-made island in the middle of San Francisco Bay. The city has broad plans to redevelop the site.

"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."

Treasure Island was built in the 1930s for the Golden Gate International Exposition and was later turned into a Naval base. The City has agreed to a $55 million guaranteed payment over the course of several years. The full cost could total about $105 million.

Full Story: City to get Treasure Island for $105 million

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00