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

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

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 $245
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00