Commission seeks performance milestones for Treasure Island marina construction

In a recent San Francisco government meeting, officials expressed a strong desire to see the long-awaited marina project on Treasure Island move forward. The project, which has been in the pipeline since 1999, has faced numerous delays, including challenges posed by the COVID-19 pandemic and current high interest rates affecting financing.

Commissioner Faye emphasized the need for assurances from the project developers regarding their commitment to a timeline for construction. She requested that staff establish performance milestones to ensure the project remains on track, with expectations for permitting by the end of this year and construction to begin in mid-2026. The urgency of these milestones is underscored by the potential economic benefits the marina could bring to the area, which officials described as a crucial component of the overall development plan for Treasure Island.

Other commissioners echoed this sentiment, highlighting the importance of local business engagement in the project. They stressed the need for the inclusion of local businesses in the construction process, which could enhance community involvement and economic opportunities.

The meeting also touched on the historical context of the project, with references to past regulatory hurdles and the involvement of environmental groups like the Sierra Club. These challenges have contributed to the lengthy timeline, but officials remain optimistic about moving forward now that many regulatory issues have been resolved.

As the meeting concluded, there was a clear consensus among the commissioners on the importance of maintaining momentum for the marina project. They expressed a commitment to regular updates from the developers to keep the community informed and engaged. The anticipated next steps include finalizing the performance milestones and securing the necessary financing to ensure the project's success.