Navy Transfers Ownership of Treasure Island to SF
SAN FRANCISCO (KCBS)_ Treasure Island is officially the property of the city of San Francisco once again.
The U.S. Navy transferred control of the island on Tuesday afternoon.
It's been a busy few weeks for San Francisco Mayor Gavin Newsom, presiding over one groundbreaking and ribbon cutting after another. This time, it was the official signing of the agreement, transferring Treasure Island from the Navy's control to the City's.
An animated Mayor Newsom cited the Hunter's Point project, the Transbay Terminal, Doyle Drive, and Bay Bridge constructions as, "big deals" and that things were getting done in the City.
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The city will pay the Navy $55 million up front, and build thousands of new homes and apartments, and 300 acres of parks.
Secretary of the Navy Ray Mabus noted the historic nature of Treasure Island for many shipping out during World War II, never to return, this island was their last glimpse, of America.
"I hope that all of us will remember the service and sacrifice of every sailor and every marine," says Mabus.
The navy base was shut down 13 years ago.
