SAN FRANCISCO (CBS SF) – A proposed $1.5 billion neighborhood on Treasure Island was given the green light in a close vote by planners, but the plan still faces hurdles.

San Francisco’s Planning Commission voted 4-3 on Thursday, split along commissioners appointed by the mayor and those appointed by the city’s Board of Supervisors.

It will be next considered by the supervisors.

KCBS’ Chris Filippi Reports:

The plan includes 8,000 residential units and a 450-foot high-rise on the island located in San Francisco Bay between the city and Oakland.

Critics say the man-made island would not fare well in an earthquake and that the project would increase traffic on the San Francisco-Oakland Bay Bridge.

Supporters say developing these 400 acres in the middle of San Francisco Bay is a unique opportunity.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services may have contributed to this report.)

Comments (4)
  1. Tours Martel says:

    And where is the money coming from to develop this sinking island? The bankrupt State of California, or the bankrupt federal government? In the event of an emergency, how would the development be evacuated?

  2. Booga says:

    Wow, it would suck to commute to work everyday from there. I would not want to live there.

  3. JanPB says:

    Any and all developers at Treasure Island should be asked (meaning, an offer they cannot refuse) to fund the construction of the western span Bay Bridge bicycle path. This is not as random as it sounds as the existence of this bicycle path will make any property on the island much more attractive (of the kind of people the developers want to attract, who wants to live in a place accessible by car _only_?).