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OCII approves DDA amendment to transfer entire stadium site to Lennar and require demolition safeguards
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 before demolition and requires Lennar to begin demolition in 2015. To ensure compliance with Proposition G’s replacement‑of‑parks requirement, staff included three primary safeguards: a deed restriction limiting interim uses to demolition and limited approved uses; a reversionary quitclaim deed allowing land to revert to OCII if Lennar defaults before subphase approvals; and a requirement that Lennar provide additional park security at the time of subphase approvals (bond or corporate guarantee) to fund park construction if Lennar cannot fulfill obligations.
Warsh told commissioners the amendment also benefits taxing entities by accelerating transfer of land into private ownership and relieving the city of maintenance and liability costs associated with continued stadium ownership. Several community representatives — including Veronica Honeycutt, CAC chair for the shipyard, and Katie Petruccione of Recreation and Park Department — testified in support, citing the proposed retail and park uses and the expected increase in property taxes that come with earlier transfer.
Commissioners moved and approved the amendment by a 3–0 vote. Staff said the oversight board and the California Department of Finance would review the amendment before implementation and that demolition is expected in spring 2015, with CP Center construction to follow.
