$1.33 Million for the Development of Hunters Point Shipyard
D.C. - Today House Democratic Leader Nancy Pelosi announced that
San Francisco will receive $1.33 million in federal funds for the
redevelopment of the 500-acre Hunters Point Shipyard. Pelosi
secured the funds in the 2003 Defense Appropriations Bill to provide
affordable housing, infrastructure improvements and additional commercial
space to the Bayview Hunters Point community.
funds bring us a step closer to realizing long-held dreams for the
Bayview Hunters Point community - dreams of a safe environment,
of economic opportunity, and of renewed community, said Pelosi.
will bolster the redevelopment of the 500-acre Hunters Point
Shipyard, a former naval base that was selected for transfer in
the Defense Base Closure and Realignment Act of 1990. The Bayview
Hunters Point community is historically one of the most disadvantaged
communities in the city and faces numerous environmental and socioeconomic
issues. The redevelopment funds will go toward the demolition and
safe removal of former Navy installments, as well as the construction
of new and safer commercial and residential units at the former
grant will assist in jump-starting the land development process
at Hunters Point Shipyard and contribute to the momentum of
returning this asset to the Bayview Hunters Point community
and the people of San Francisco, said San Francisco Mayor
The Navy and
the City of San Francisco are in the final stages of negotiating
a Conveyance Agreement that would transfer the Shipyard to the Redevelopment
Agency on phased basis. The agreement will also provide comprehensive
oversight by environmental regulatory agencies that will aid both
the Navy and the city in providing a more effective cleanup process.
It is expected that the first parcel of the Shipyard will be available
for transfer in the spring of 2004.
members of the Bayview Hunters Point community who have partnered
with the Navy and the City and County of San Francisco to turn this
shipyard into a place of promise for the community, said Pelosi.
Their contributions will help guarantee that the Shipyard
is handed over to the people of the San Francisco as a clean, safe
place for this and future generations.