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OCII approves DDA amendment to transfer entire stadium site to Lennar and require demolition safeguards

Commission on Community Investment and Infrastructure · September 12, 2014
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Commission approved a second amendment to the Phase 2 DDA enabling transfer of the entire Candlestick stadium site to Lennar (pre‑demolition) with safeguards (deed restrictions, reversionary deed, park security) to meet Proposition G and require Lennar to demolish the stadium and secure park obligations; the action passed 3–0.

The Commission approved a second amendment to the Phase 2 Disposition and Development Agreement that changes phasing and land‑transfer mechanics for the Candlestick Point and Hunters Point project sites.

Ethan Warsh, assistant project manager, told the Commission that delays in Navy parcel transfers and the earlier departure of the 49ers required revising the DDA phasing. The amendment allows OCII to transfer the entire stadium site to Lennar…

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