01/21/10 – Mayor Gavin Newsom announced today that $92 million has been secured for the cleanup of the Hunters Point Shipyard in the upcoming Fiscal Year.

Mayor Newsom, together with significant leadership from Speaker Nancy Pelosi and Senator Dianne Feinstein, has worked aggressively to get the federal government to fulfill its long-overdue obligation to adequately fund the cleanup of the shipyard. Between Fiscal Years 1991 through 2010, a total of $714.2 million has been appropriated by Congress for the United States Navy’s clean-up operations at Hunter’s Point Naval Shipyard.

“This is a significant achievement for the entire City and in particular the Bayview-Hunters Point community and will bring new life and opportunity to one of our most at-risk neighborhoods,” said Mayor Newsom. “These funds will allow the City to continue to move forward with plans to transform the long abandoned shipyard from an environmental blight into a job-producing economic engine for all of San Francisco.”

“These additional funds will allow the Navy to stay on track to complete cleanup and transfer of the vast majority of the remaining parcels by 2013, including all of the areas necessary for the City’s extensive redevelopment plans to proceed,” said Speaker Nancy Pelosi. “As a result, plans for new ‘clean and green’ businesses and industry can move forward, creating jobs and economic opportunity for the Bayview community and putting the Bay Area in the forefront of the emerging green economy.”

The cleanup of the Hunters Point Shipyard is anticipated to generate on average 1,500 construction jobs per year for the expected 16 year life of the development across a wide range of building trades. The project will also create approximately 10,700 permanent jobs across an equally wide range of income and skill levels, including retail and sales, building and open space maintenance and management, and in commercial, office, light industrial and research and development jobs.

The environmental restoration that will be achieved through the Navy’s clean-up work allows the city to advance the transformation of the shuttered base into an economic engine.

Over it’s expected 15-20 year build out, the Project will include up to (i) 10,500 residential units, about 32% of which will be offered at below market affordable rates, (ii) approximately 336 acres of new and/or improved public parks, open spaces and water front trails and plazas, (iii) 885,000 square feet of regional and neighborhood serving retail space (iv) 255,000 square feet of new and renovated replacement space for the Shipyard artists, including a new “Arts District” supporting the vibrant artist community, (v) 2.6 million square feet of commercial light industrial, research and development and office space, including a new United Nations Global Compact Global Warming and Technology Center; and (vi) improved land and supporting infrastructure for a new football stadium for the San Francisco 49ers, including necessary parking areas and transportation improvements.