City team outlines Hunters Point Shipyard redevelopment, cleanup status and transportation plans amid mixed public reaction

Michael Cohen, representing the mayor’s office and the redevelopment team, told the Planning Commission on May 11 that the Candlestick Point–Hunters Point Shipyard project is a public‑private partnership governed by a disposition and development agreement (DDA) that links financing, transportation, parks and affordable housing. He said the city is using phasing, financial guarantees and a right of reverter to protect public benefits and that Alice Griffith public housing will be rebuilt in the first subphase.

The city emphasized the DDA’s role in enforcing timing and public benefits. Cohen said financing for horizontal infrastructure and public amenities is roughly $2 billion and will be paid through private capital, Mello‑Roos Community Facilities District borrowing and tax‑increment financing tied to the redevelopment plan. He added that the city bears no downside risk if projections fail, because the financing structure and contractual protections place remediation and major cleanup obligations with the Navy under…