Project Update

Planning Commission: EIR Approved

Board of Supervisors: EIR Approved

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    Tuesday
    Jun072011

    San Francisco Examiner: "Treasure Island project offers many benefits to San Francisco"

    By Edwin M. Lee

    The Board of Supervisors today will decide on a redevelopment plan for Treasure Island. Created for the 1939 World’s Fair and once a naval base, Treasure Island is now home to a growing neighborhood and community with sweeping scenic views of the San Francisco skyline.
     
    The redevelopment plan being considered is a smart one that provides benefits not only to current and future residents, but to all San Franciscans — creating jobs, housing, parks, new transit and adding another iconic community to our city’s storied neighborhoods.
     
    Our city has created, discussed and dissected plans for Treasure Island for decades. City planners and others have gone to unprecedented lengths to assure that this is a quality development plan — a plan that has already received widespread support from federal and local leaders.
     
    Treasure Island has the potential to create hope for families who want to stay in San Francisco. At least 25 percent of the planned 8,000 residential units will be offered at below market rates. If the state allows The City to capture a higher share of the additional tax increments generated by the redevelopment of the island, the number of below market units will be increased to 30 percent. Nearly one-fourth of those units will be offered to the formerly homeless through the Treasure Island Homeless Development Initiative.
     
    Read the full story.

    Tuesday
    Jun072011

    San Francisco Chronicle: "A neighborhood apart; Developers vow to build distinctive community"

    By Will Kane

    Thirty years from now, 19,000 new people could live in a massive new neighborhood on Treasure Island in what developers hope will be the "most modern, most beautiful" spot in San Francisco.

    Developers hope the project, which goes before the Board of Supervisors for approval today, will feel like an urban village in the middle of a bustling metropolitan area. They hope urban farms, plentiful public transit and shared community spaces will give residents of the island a sense of community not found in other developments.

    But others worry that the proposed project - with an abundance of parking spots, expensive housing and environmental compromises - isn't different enough to make Treasure Island unique.

    The Planning Commission narrowly approved the project in April. The board will now consider the project and its environmental impacts.

    For Treasure Island to be successful, developers and city planning experts agree that the residents of the island must feel like part of a special, distinct neighborhood where people want to spend time, and not just another community of commuters to San Francisco.

    Read the full story.

    Wednesday
    May182011

    San Francisco Business Times: "Treasure Island: What’s not to like?"

    By John Stewart, Guest Opinion

    It might seem hard to believe, but after six years of review and $45 million in predevelopment expense, the Treasure Island project passed San Francisco Planning Commission by only one vote, 4 to 3!

    But so many grand ideas have been floated and faded since it opened for the 1939 World’s Fair, the manmade island in the middle of the Bay has been anything but a treasure.

    That could change in the next few weeks if supervisors are willing to show that the last dozen years of planning and negotiations were worthy of the promise to erect a stylish neighborhood of 8,000 new homes in San Francisco and bring up to $80 million to The City over the next two decades.

    Read the full story.

    Wednesday
    May182011

    The Bay Citizen: "San Francisco Reimagines Treasure Island — Again"

    By Zusha Elinson, The Bay Citizen

    Fantastic plans for Treasure Island, all worthy of its name, have come and gone since the Navy announced its departure in the mid-1990s.

    There was a proposal to turn the quiet 403-acre island halfway across the bay into San Francisco’s own Mustang Ranch, billed by those in favor as a way to “get the prostitutes out of the Tenderloin,” according to news reports.

    There was a more serious plan to build a theme park inspired by Sentosa in Singapore, a pleasure island with beaches, restaurants, hotels, rides, golf and computerized musical fountains.

    Read the full story.

    Sunday
    May152011

    San Francisco Examiner: "Let’s build the Treasure Island community"

    Examiner Editorial

    It seems hard to believe that after a dozen tortuous years of paperwork, hearings and compromises, nobody except a few ultrapurist ecology groups and some Telegraph Hill residents fronted by former Supervisor Aaron Peskin noticed the $5.8 billion, 8,000-home Treasure Island development had an environmental impact report that was, in their words, “inadequate and incomplete.”

    But now an appeal has been filed. So creation of a new “green” 19,000-population community will not receive final approval from the Board of Supervisors on Tuesday. That had seemed ready to happen during a few relieved moments Wednesday after the Budget and Finance Subcommittee, without any drama, approved Treasure Island’s financial plan and sent the project for a full board vote.

    The environmental report was already approved by the Planning Commission on April 21 in a contentious marathon hearing. A long line of speakers thoroughly debated the issue. Some glowingly portrayed Treasure Island’s potential to become a self-sustained ecotopia.

    Read the full story.