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Voters Back 770-Acre Redevelopment

SAN FRANCISCO-Voters endorse plans for a major housing and commercial development at the Hunters Point Shipyard and Candlestick Point.

By Brian K. Miller | Updated on June 04, 2008

SAN FRANCISCO-Lennar Corp. and Mayor Gavin Newsom got what they wanted from voters Tuesday — a yes on Proposition G and a no on Proposition F. The “yes” vote endorses plans for a major housing and commercial development at the Hunters Point Shipyard and Candlestick Point while the “no” vote killed a measure that would have increased the affordable housing component to 50% from 32% and, according to the developer, made the project economically infeasible.

The combined Hunter’s Point-Candlestick development plan calls for a new NFL football stadium, which remains in doubt, as well as firmer plans for two million sf of office space, 700,000 sf of retail and entertainment uses, up to 10,000 housing units, 350 acres of open space and an 8,000 to 12,000 seat performance venue. Lennar initially planned to have only 25% of the housing units be affordable, but upped the percentage to 32% to help ensure voters approval.

Despite voters’ overwhelming approval – 61% for F and 62% against G — the project still must be approved by the City of San Francisco Board of Supervisors, which includes Chris Daly, who spearheaded Proposition F, and Lennar and the city must comes to terms for a development agreement. An environmental review is currently under way that will help city officials determine what infrastructure improvements will be necessary to lessen the development’s impact the existing Bayview-Hunter’s Point neighborhood.

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