KCBS_740 VALLEJO (KCBS/AP) — Vallejo city leaders Tuesday are expected to vote on an exclusive negotiating agreement with Faraday Future for a 150-acre electric car plant on a former Vallejo shipyard.

The plant would be set up on the north end of Mare Island.

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The plant is expected to create hundreds of jobs and to pump hundreds of millions of dollars into Vallejo.

Vallejo was once home to a thriving naval center.

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But in 2008, this diverse working-class city had tens of millions of dollars in debt and filed for Chapter 9 bankruptcy protection.

In 2011, a federal judge approved Vallejo’s $50 million debt-restructuring plan.

Since then, it has been slowly rebuilding.

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The electric car project would bring Vallejo increased property, sales, utility and hotel taxes among other boons.