Treasure Island Project Approved in San Francisco
Developers hope to break ground on the project in 2012.
"[M]embers of the board said the $1.5 billion project would breathe new life into the old Navy base in the middle of San Francisco Bay.
The plan, almost 15 years in the making, calls for 19,000 new residents to live in a new neighborhood wrapped in open space and dotted with high-rises, one as tall as 450 feet. Residential units would be within walking distance of shops, a grocery store, a school and new ferry terminal."