Project Update

Planning Commission: EIR Approved

Board of Supervisors: EIR Approved

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    Sunday
    May012011

    AP: "Manmade Treasure Island provides rare but controversial chance for San Francisco expansion" 

    By Robin Hindery, The Associated Press

    SAN FRANCISCO (AP) - Created in the 1930s in San Francisco Bay, Treasure Island is said to have earned its name from the gold some imagined was hidden in dredged materials that form its foundation, as well as the exotic valuables displayed there for the 1939 Golden Gate International Exposition.

    Developers have continued to view the 400-acre former Navy base as a precious commodity, and a proposal to turn it into a bustling residential and commercial enclave recently cleared a major hurdle when it was narrowly approved by the city Planning Commission.

    The plan includes nearly 8,000 new homes, 140,000 square feet of retail space and 300 acres of public open space -- a drastic change to a neighborhood that now has fewer than 2,000 full-time residents and just two restaurants. Supporters say the 15-year project would finally tap the island's potential and provide a rare expansion opportunity for a city surrounded by water on three sides.

    Read the full story.

    Friday
    Apr292011

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

    By John Stewart Date, San Francisco Business Times

    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!

    Reviewing an Environmental Impact Report is, by definition, a critical public process, during which good news can travel slowly or be obscured.

    In the case of Treasure Island, there seems to be an agreed upon fiction that 8,000-units of housing density may constitute a negative environmental impact. If true, we should start vacating Russian Hill, Chinatown, Downtown, Civic Center, Nob Hill, North Beach and the Marina.

    At 20 units per acre, the Island’s density will actually be relatively low. Census tracts on the northeast section of San Francisco are typically between 24 and 57 units to the acre. The North Beach Place project at Bay and Taylor streets is 82. As San Francisco neighborhoods go, Treasure Island will be one of the smallest while leaving enough critical mass to be economically viable. A fine balance, kudos.

    Read the full story.

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