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| BIG NEWS: Treasure Island Transfer Agreement |
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| Written by Mark C | ||||
| Wednesday, 16 December 2009 | ||||
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Press Release: MAYOR NEWSOM AND U.S. SECRETARY OF NAVY ANNOUNCE AGREEMENT TO TRANSFER TREASURE ISLAND TO SAN FRANCISCO Click "Read More" to continue... “This agreement is good for the American tax payer, will create jobs in the San Francisco region and will effectively transition Treasure Island to productive civilian reuse,” noted Secretary Mabus. Mayor Newsom expressed optimism that “having the terms of this conceptual agreement with the Navy in place will allow us to finalize our development plans and generate badly needed jobs in this difficult economic climate.” “Now that we know the basic terms of the Navy deal” Mayor Newsom continued “we can finally begin the hard work of making sure the City’s grand vision for Treasure Island can be realized.” The City’s redevelopment plans for Treasure Island, widely heralded as one of the most environmentally sustainable development plans in US history, contemplate a mixed-use development containing a new commercial town center and neighborhood, 3 hotels and hundreds of acres of parks and open space and will generate thousands of construction jobs annually for the 10-20 year life of the project and 3,000 permanent jobs. Quote this article on your site | Views: 408 | E-mail
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