Former Naval Station Treasure Island, which ceased operations in 1997, consists of approximately 405 acres on Treasure Island and 90 acres on Yerba Buena Island—both offering a prime location in the heart of the San Francisco Bay with stunning views of San Francisco’s skyline. The development plans for Treasure Island include up to 8,000 new homes, 30% of which will be offered at below-market rates, up to 500 hotel rooms, a 400-slip marina, restaurants, retail and entertainment venues, and a brand new, world class 300-acre park system. The compact mixed-use transit-oriented development is clustered around a new ferry terminal and is designed to prioritize walking, biking and public transit. The development plans include cutting-edge green building standards and is projected to be the most environmentally sustainable large development project in U.S. history.
The Development Plan and Term Sheet for Redevelopment of Naval Station Treasure Island was approved by the Treasure Island Development Authority's (TIDA) Board of Directors and the San Francisco Board of Supervisors in December 2006. The Development Plan represents the result of many years of concentrated efforts by TIDA, Treasure Island Community Development (TICD), the Treasure Island Citizens Advisory Board, the Office of Economic and Workforce Development (OEWD), the Land Use Committee of the Board of Supervisors, multiple City agencies, and interested members of the public regarding the future of Naval Station Treasure Island.
In May 2010, the TIDA Board and Board of Supervisors both unanimously endorsed a package of legislation that included an Update to the Development Plan and Term Sheet, terms of an Economic Development Conveyance Memorandum of Agreement, and a Term Sheet between TIDA and the Treasure Island Homeless Development Initiative (TIHDI). Together these three agreements form the comprehensive vision for the future of the former military base and represent a major milestone in moving the project closer towards implementation. In August 2010, Mayor Gavin Newsom, House Speaker Nancy Pelosi, and U.S. Secretary of the Navy Ray Mabus signed the terms for the conveyance of former Naval Station Treasure Island from the Navy to the City, representing another major step towards realizing an environmentally sustainable new community on Treasure Island and the thousands of construction and permanent jobs it will bring.
Next steps include negotiating the terms of a comprehensive Disposition and Development Agreement between TIDA and TICD and engaging multiple agencies and stakeholders to obtain final project approvals. A Draft Environmental Impact Report was published on July 12, 2010, and a public hearing was held on August 12, 2010, to evaluate the proposed redevelopment plans and alternatives in accordance with the California Environmental Quality Act. Predevelopment planning and entitlement efforts will continue over the next several months with the goal of receiving final project approvals from the TIDA Board and the Board of Supervisors in Spring 2011. The first phase of construction could begin in Fall 2011 and would consist primarily of horizontal infrastructure improvements to enable subsequent phases of vertical construction. The complete build-out of the project is anticipated to occur over fifteen to twenty years.
For more information, visit the Treasure Island Development Authority website.
In early 2000, TIDA initiated a master developer selection process, culminating in the selection of TICD. Over the past decade, TIDA and TICD have worked together in a public-private partnership on the redevelopment planning via the structure of an Exclusive Negotiation Agreement. TIDA and TICD also work closely with the Treasure Island Homeless Development Initiative (TIHDI), a nationally-recognized supportive housing consortium, developing a robust affordable housing and jobs and economic development program for Treasure Island.
The City of San Francisco, acting by and through TIDA as the local reuse authority, is responsible for the long-term redevelopment of Treasure Island. On behalf of TIDA, OEWD staff manages the day-to-day redevelopment planning and entitlements process, coordinates the efforts of various City departments, regional and state agencies, and is responsible for leading the public input, and negotiating the approvals process.