San Francisco Chronicle: Deal in Oak Knoll's Lehman Bros. suit near
With help from a few well-organized neighbors, Oakland City officials are close to a deal with the financially troubled Lehman Bros. group to clean up the long dormant Oakland Naval Hospital site.
City officials could announce a comprehensive plan to demolish more than 90 structures on the old military base as soon as next week. The deal to clean up the 167-acre site in the Oakland hills does not include the 500,000-square-foot hospital and Club Knoll, a historic structure. The cleanup cost is estimated at $6.5 million to $7 million.
All agreements made with the city are tentative until approved by the Bankruptcy Court. Lehman held the financing for the company planning to develop the site.