|From:||Lenny Siegel <email@example.com>|
|Date:||Fri, 15 Jan 2010 16:42:50 -0800 (PST)|
|Subject:||[CPEO-MEF] REUSE: Treasure Island (CA) needs cash|
Shortfall could scale back Treasure Island plans John Coté San Francisco Chronicle January 15, 2010San Francisco's grand vision for a cutting-edge green community on Treasure Island is at least $60 million short of being financially feasible, despite officials' assurances that the project is supported by revenue projections.
The city's plan is $60 million to $90 million shy of the projections needed to have private developers and the Navy agree to the deal to transform the former naval base into San Francisco's newest neighborhood, The Chronicle has learned.
If unaddressed, the shortfall threatens to unravel a complex deal almost 15 years in the making. The developers and city officials both say the gap is bridgeable, but cost-cutting options discussed at a closed-door Treasure Island Development Authority board briefing this week will probably be controversial.
... For the entire article, see http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/15/MN331BI91F.DTL -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
Prev by Date: [CPEO-MEF] MUNITIONS, PREVENTION: Medium-caliber uranium weapons|
Next by Date: [CPEO-MEF] HEALTH, GLOBAL: Iraq burn pits
Prev by Thread: [CPEO-MEF] MUNITIONS, PREVENTION: Medium-caliber uranium weapons|
Next by Thread: [CPEO-MEF] HEALTH, GLOBAL: Iraq burn pits