Board of Supervisors Approves 2 Major Redevelopment Projects
“The smart development plans for Treasure Island and Parkmerced provide benefits for all current and future residents of San Francisco — creating jobs, much needed housing, parks and open space, enhanced transit and growth of communities in our City’s storied neighborhoods. Treasure Island and Parkmerced create hope for families who want to stay in San Francisco and will be a boost to our City’s long-term financial health.
I applaud the leadership of the Board of Supervisors, in particular Supervisor Jane Kim, who spearheaded efforts to enhance affordable housing in the Treasure Island/Yerba Buena Island project, which passed unanimously this evening. The project will create 8,000 new homes, with a special emphasis on housing for homeless or formerly homeless families and individuals through our unique partnership with the Treasure Island Homeless Development Initiative. The project is estimated to generate 2,000 construction jobs annually and 3,000 permanent jobs, of which 50 percent are targeted for San Franciscans and 25 percent are targeted specifically to low income or formerly homeless San Franciscans. Read more.