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City leaders have secured a state commission’s approval of a deal that will allow them to assemble now disparate pieces for future development of the former Alameda Naval Air Station, which they are hailing as a “momentous step” toward the revitalization of Alameda Point.

The State Lands Commission on Friday approved a deal to give the city inland portions of the Point in exchange for waterfront the city had been set to own, the city announced in a press release issued Monday. The deal, which is subject to the completion of toxic cleanup efforts at the Point, comes as the city prepares to take ownership of most of the former Navy base in February 2013.