Catellus Development, based in San Francisco, has already landed 215 acres of it, and another 800 acres will go to one of three area developers who are currently bidding for the land to build homes, museums, churches, schools, office buildings, parks, city facilities and restaurants. The city will make a decision in August.

Alameda Point is said to be critical and essential to development of the city's economic wealth. Mayor Ralph Apezzato says it is the location where the majority of all future growth will occur, but the city needs more than $300 million from the navy in order to clean up the land and make the plan work.

The entire project is slated for more than 3.2 million sf of office space, a 900,000 sf industrial park, 2000 homes, more than 900 boat slips and a 100,000 sf commercial retail center. The city also has plans to build Northwest Territories, a 60-acre sports park, hotel and conference center and a 270-acre, $20 million golf course.