A former radioactive waste site off the coast of San Francisco is turning into a $5 billion housing development
Treasure Island, a man-made island off the coast of San Francisco, looks more like a post-apocalyptic wasteland than a Bay Area suburb.
But as demand for housing in the tech capital continues to climb, developers have turned to Treasure Island in the hopes of creating the next big real-estate destination.
In 2011, the city of San Francisco approved a proposal that will add 8,000 new homes, 500 hotel rooms, 300 acres of parks, 140,000 square feet of retail, and 100,000 square feet of office space to the island over the next 15 years. It comes with a price tag of $5 billion.
With construction on infrastructure underway, we decided to spend the day exploring Treasure Island — and learned there's more to this former toxic waste site than meets the eye.
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You can live in San Francisco your whole life and never set foot on Treasure Island.
Treasure Island sits in the Bay halfway between San Francisco and Oakland.
It doesn't get many visitors outside of its two major attractions: a flea market held on the last weekend of the month and a music festival that draws tens of thousands of fans. In 2017, the festival was postponed because of the massive development project.
On a recent weekday, I learned that Treasure Island is closer to downtown San Francisco than my San Francisco apartment is. I reached the island from the city's SoMa district in about 15 minutes by bus.
You can see the length of the island from the exit road off Interstate 80. It's small.
The island was built on a rocky bank just north of Yerba Buena Island. It served as the fairgrounds of the 1939 World's Fair, which celebrated the city's two new bridges.
See the rest of the story at Business Insider
Contributer : Tech Insider http://ift.tt/2vzI5Iy
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