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Committee forwards TIDA lease and sublease amendments to preserve affordable units on Treasure Island
Summary
The committee forwarded three Treasure Island Development Authority resolutions to update the master lease with the U.S. Navy (adding Building 449) and to reassign returned nonprofit housing units to other island providers; the changes are intended to keep roughly 250 families assisted on Treasure Island and generate modest revenue for island operations.
The Budget and Finance Committee moved three resolutions for Treasure Island before the Board of Supervisors that amend the master lease with the U.S. Navy to add Building 449 and adjust subleases among island nonprofit housing providers.
Marian Saez of the Treasure Island Development Authority (TIDA) said TIDA entered into interim-use…
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