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Cleanup investigation, escalating costs raise questions for Hunters Point Shipyard redevelopment

October 7, 2016

By By : sfexaminer – excerpt

The numbers are no longer adding up for Lennar Urban’s massive redevelopment of San Francisco’s Hunters Point Shipyard, and that could mean a major revision to the project despite a six year old agreement with The City.

Plagued by soaring construction costs as well as a criminal investigation into the improper cleanup of the land’s radiological pollutants, development giant Lennar plans to submit a new financial plan as early as this week for the proposed multi-billion dollar Hunters Point Shipyard Phase 2 and Candlestick Point, casting into uncertainty the more than 10,100 homes and community benefits planned.

But project leaders said Tuesday that despite the emerging concerns, they are planning to move forward with the next phase of the project… (more)

They do have the money to run a campaign asking for favors this election cycle. Check the language on Prop O, written and placed on the ballot for Lennar.
A citizen initiative to exempt office development projects from a 950,000-square-foot limit will be on the ballot for San Francisco voters in San Francisco County, California, on November 8, 2016. They were obviously thinking very big when they put out this initiative.

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