An Oct. 4 story in the San Francisco Examiner — “Cleanup investigation, escalating costs raise questions for Hunter Point Shipyard redevelopment” — claimed “the numbers are no longer adding up” for the development project.
As we shared with your reporter, the numbers are adding up. This is a revision of our 2010 plan and it will show higher costs and higher revenues for the project. It is no surprise that the numbers would change during the past six years, and we’re simply updating our partner, the city of San Francisco, on those numbers. Nothing about community benefits changes. In fact, we are expediting the rebuild of Alice Griffith public housing complex and are moving more quickly than anticipated on Candlestick Point.
It also is important to understand that an investigation into the Navy cleanup at the shipyard is not focused on our company; it’s focused on the Navy contractor doing the cleanup. Like everyone in the Bayview, we want the shipyard to be cleaned up properly. We are eager for the Navy to complete its investigation and remediation of the shipyard so we can continue creating jobs, building homes and adding to the parkland we already have created there.
Lastly, the project is moving forward as planned. We are working on an updated master plan for the next phase with David Adjaye, the acclaimed architect who designed the newly opened National Museum of African-American History and Culture in Washington.
People now are living at the shipyard. Hundreds of local residents are working construction jobs there. A place that has been barren for some three decades is coming to life.
Contrary to your characterization, the numbers are adding up.
President, Northern California, FivePoint