San Francisco Chronicle: Treasure Island board closes doors

Excerpt:

During a recent closed session of the Treasure Island Development Authority board of directors, a briefing revealed that the proposed $1.4 billion deal between the city, Navy and private developers to redevelop the former naval base is $60 million to $90 million short. But it also raised questions about whether parts of the discussion should be held in private - including where to cut expenses and the strategy for approaching the Board of Supervisors to approve changes to the deal.