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Treasure Island to receive roughly $12 million in state infill funds for roads, conduit and YBI repairs
Summary
TIDA staff said about $12 million in Infill Infrastructure Grant (IIG) funds have been reallocated by the Mayor's Office of Housing and Community Development to support Treasure Island and Yerba Buena Island infrastructure, closing gaps on the Treasure Island Road project, funding late-added conduit work for stage 2, and covering a small remaining obligation on YBI roadway projects.
Acting TIDA staff told the board that approximately $12,000,000 in state Infill Infrastructure Grant (IIG) funds has been redirected to the Treasure Island Development Authority to support immediate infrastructure work serving new housing.
"Approximately $12,000,000 is now being reallocated to TIDA," Joey Benasini, TIDA vertical development project manager, told the board, explaining the funding comes through the Mayor's Office of Housing and Community Development (MOHCD) from the California Department of Housing and Community Development's IIG program.
Benasini said the reallocated funds are being proposed for three primary uses. The largest single use would be to help close an $8 million gap in the Treasure Island Road improvement project, a roughly $45 million…
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