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Treasure Island wins $45 million state grant; $10.9M earmarked for transit including $7M for future electric ferry
Summary
At the Jan. 27 TIMA meeting Chair Matt Dorsey announced a $45 million California Strategic Growth Council grant for affordable housing and transportation on Treasure Island, including $10.9 million for transportation projects and $7 million in operating funds for an electric ferry; MTC also awarded a $100,000 pilot grant to 1 Treasure Island.
Chair Matt Dorsey announced at the Treasure Island Mobility Management Agency Committee meeting on Jan. 27, 2026, that the California Strategic Growth Council has awarded a $45,000,000 grant to support affordable housing and transportation projects on Treasure Island. "We are thrilled to see that 1 Treasure Island received a grant of $100,000 to pilot a community mobility program," Dorsey told commissioners as he thanked the John Stewart Company, the Treasure Island Development Authority (TIDA), and the TIMUP program for supporting the applications.
The grant package includes $10,900,000 for transportation projects on Treasure Island, with $7,000,000 designated as operating funds for a future electric ferry, according to Dorsey. He credited TIMUP (led by Swani Choi Chow) for helping secure funding and said the awards will help advance one additional affordable housing project on the island.
Executive Director Tilly Chang placed the award in regional context, telling the committee TIMA and SFMTA will collaborate on parking management and related legislation as residential and visitor activity increases. Chang said the committee is watching New York’s congestion-reduction program for lessons: "They reported a continued and sustained 11 to 14% reduction in daily vehicles entering their central business district," she said, and noted New York collected $548,000,000 from the program last year. Chang said TIMA is monitoring economic and network effects as officials consider similar policy tools for San Francisco and Treasure Island.
Dorsey also noted recent construction and public-space milestones tied to the island’s projects, including a ribbon-cutting for City Side Park and the start of ferry-terminal construction. He thanked TIDA leadership and staff for supporting the work and cited the $45 million award as providing momentum for coordinated housing and mobility investments.
The committee treated the announcement as informational; there was no public comment and no formal action required at the meeting. Next steps discussed on the dais included coordination with SFMTA on parking management and continued planning for ferry operations and implementation of transportation projects funded through the grant.
