City Grants Treasure Island Final Approval
The San Francisco Board of Supervisors granted its final approval Tuesday to the $1.5 billion redevelopment plan for Treasure Island, paving the way for work to start on the project next year. Construction of homes and retail space could begin on the 404-acre island in 2014, reported Bay City News.
The unanimous vote followed one last week in which the board denied an appeal from local groups that the project’s environmental review did not adequately account for its impacts.
The reuse plan calls for up to 8,000 housing units, 19,000 residents, 140,000 square feet of commercial space and 100,000 square feet of office space to be added to the former Navy base in the middle of San Francisco Bay. The makeover also includes upgraded roads and infrastructure, and a new ferry terminal.