The San Francisco County government meeting on July 4, 2025, focused on a significant resolution regarding the Treasure Island land and structures master lease with the United States Navy. The resolution aims to extend the lease term for one additional year, retroactively starting from December 1, 2023, and continuing until November 30, 2024. This extension is crucial as it allows the Treasure Island Development Authority (TIDA) to maintain operations on the island while awaiting further developments regarding the remaining Navy properties.
Peter Somerville, representing TIDA, explained that the amendment is necessary due to delays in the Navy's approval process, which prevented timely action by the TIDA board. He emphasized that this annual amendment is standard practice, as the Navy's real estate policy only permits one-year extensions. Currently, three facilities on Treasure Island are under this lease, including a public works yard and commercial spaces, which are actively utilized by the city.
The committee discussed the future of the lease, noting that while the majority of Treasure Island has been transferred to the city, some parcels remain under Navy control. Somerville indicated that TIDA is open to negotiating longer-term leases if the Navy's policies change in the future. However, he acknowledged that the current lease will eventually sunset as properties are transferred.
Public comment on the resolution was minimal, with no speakers addressing the committee. Following the discussion, the committee moved to amend the resolution to include retroactive language and recommended it for approval by the full board.
This resolution reflects ongoing efforts to manage and develop Treasure Island, ensuring that the community continues to benefit from the facilities and services provided there. As the city navigates the complexities of these leases, residents can expect continued engagement and updates on the future of Treasure Island.