Project Update

Planning Commission: EIR Approved

Board of Supervisors: EIR Approved

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    Tuesday
    Jun142011

    San Francisco Appeal: "Treasure Island Plan Gets Final Approval From Board Of Supes"

    A plan to transform San Francisco's Treasure Island got final approval from the Board of Supervisors Tuesday.

    The board voted unanimously in favor of the $1.5 billion project, a week after a long meeting in which the supervisors considered--and eventually rejected--an appeal of the environmental review of the proposal.

    Over the next two decades, developers plan to add up to 8,000 residential units, up to 140,000 square feet of commercial space and as much as 100,000 square feet of new office space to the island, as well as new and upgraded roads and infrastructure, including a new ferry terminal.

    Read the full story.

    Wednesday
    Jun082011

    San Francisco Business Times: "S.F. OKs Treasure Island plan"

    The San Francisco Board of Supervisors unanimously approved the proposal for a massive new development on Treasure Island, the San Francisco Chronicle reports.

    The board said the $1.5 billion project, nearly 15 years in the making, would revive the former Navy base.

    Read the full story.

    Wednesday
    Jun082011

    San Francisco Examiner: "Redevelopment plan for San Francisco's Treasure Island approved by Board of Supervisors"

    By Joshua Sabatini

    Changes coming: The often-empty Treasure Island waterfront will likely be bustling after 8,000 units of housing are developed along with parks and open space. Nearly two decades in the making, a massive plan to redevelop Treasure Island was unanimously approved Tuesday amid concerns over traffic impacts and the loss of hundreds of below-market rate units.

    With the vote by the Board of Supervisors on Tuesday, more than 8,000 residential units will be constructed on the man-made 550-acre island within 20 years, including a building as high as 450 feet. The project will also include 100,000 square feet of commercial space and 300 acres of park and open space.

    The board also approved amendments increasing the amount of affordable housing in the project, requiring that maintenance and landscaping workers be paid prevailing wages, and requiring the developer to consult with experts in any historic preservation projects. It also required that the development be evaluated after a few years to see if it is meeting goals for transit usage. In addition, the board approved a requirement that the developer pay a fine of up to $10 million for development delays.

    Tuesday’s vote was a decisive moment for the project, as it rejected an appeal of the project’s environmental review that was filed jointly by Golden Gate Audubon, the Sierra Club and former Board of Supervisors President Aaron Peskin, among others. Concerns were raised about the number of parking spaces in the development, as well as a reduction of affordable housing units, from 2,400 to 2,000, due to a lack of funding.

    Read the full story.

    Wednesday
    Jun082011

    San Francisco Chronicle: "Treasure Island project approved; Supes give unanimous OK to new neighborhood"

    By Will Kane

    To cheers and applause from the audience, the Board of Supervisors unanimously approved a massive new neighborhood proposed for Treasure Island.

    In the 11-0 vote the board rejected claims by groups such as the Sierra Club that the project would harm the environment and exacerbate traffic problems.

    Instead, members 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.

    Read the full story.

    Wednesday
    Jun082011

    KTVU: "Treasure Island Development Plan Gets Initial Approval From Supes"

    By Tom Vacar 

    SAN FRANCISCO -- The San Francisco Board of Supervisors gave initial approval Tuesday night to a $1.5 billion plan to transform Treasure Island.

    The board voted unanimously to certify the environmental review of the project, which would add up to 8,000 residential units, up to 140,000 square feet of commercial space and as much as 100,000 square feet of new office space to the island, as well as new and upgraded roads and infrastructure, including a new ferry terminal.

    The city has been working to redevelop the 404-acre island in the middle of the Bay since the U.S. Navy closed its base there in 1997.

    The San Francisco Planning Commission narrowly approved the project's environmental impact report by a 4-3 vote in April, and last month, a Board of Supervisors committee voted in favor of the plan.

    Read the full story.