Excerpt:

Along with housing and commercial space, the project includes approximately $100 million for parks and infrastructure and commits about $2.5 million toward rehabilitating and leasing an existing 100,000-square-foot building for light industrial and specialty manufacturing.

Alameda Point Partners has also pledged $10 million toward a new ferry terminal, which still must be approved by the Water Emergency Transportation Authority.

Called Site A by city officials, the area set for redevelopment is centered around what is called the Seaplane Lagoon and is bordered by Pan Am Way, West Tower Avenue and Main Street.

Construction is expected to begin in July 2016 with infrastructure improvements and the overall project is set to be completed by 2030.