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Mare Island Goes to City; Development to Follow

VALLEJO, CA-A process that started over nine years ago will kick into high gear when the City of Vallejo will officially take possession of Mare Island following the close of escrow, which is expected to take place Friday.

By Peter Landau | Updated on March 22, 2002

VALLEJO, CA-A process that started over nine years ago is kicking into high gear this week as the City of Vallejo officially takes possession of Mare Island following the close of escrow, which is expected to occur today. Governor Gray Davis signed the State Lands Settlement Agreement on Friday, March 15, which eliminated the final hurdle to the transfer of the former naval shipyard to the City.

The close of escrow will set in motion myriad events on Mare Island, turning the key on what is expected to be the key economic engine for the foreseeable future for the City of Vallejo. Those events include the transfer of almost 650 acres of property to Lennar Mare Island, the master developer of the island and the start of the environmental clean-up of Mare Island, expected to take three to five years to complete.

Also, construction of infrastructure projects and buildings will begin concurrent with the environmental clean-up. And a massive amount of investment in Mare Island will take place including creation of some 8,000 jobs. Lennar Mare Island’s project alone is worth $260 million and will include light industrial, historic district, research and development, heavy industrial, preservation of historical buildings and residential units.

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