San Francisco Examiner: City, Navy settle on Treasure Island’s price
Submitted by west on Tue, 04/06/2010 - 22:00
Under the agreement, The City will pay $55 million over 10 years — $5.5 million annually, plus interest. In addition, the Navy will receive up to $50 million if the project’s return hits 18 percent from the planned housing units, hotels and retail.
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