A Treasure Hunt in San Francisco Bay

This is just another example of Government Mismanagement:

As California struggles with its financial crisis, this city is close to launching a massive redevelopment of a former naval base that offers a ray of fiscal hope.

At an estimated cost of nearly $6 billion, the development on Treasure Island, located in San Francisco Bay, would be one of California’s biggest building projects. Under the plan, the island’s 400 acres of man-made land would be transformed by the construction of 6,000 to 8,000 homes, four skyscrapers towering more than 40 stories, a retail esplanade connecting three of the remaining buildings from the 1939-40 World’s Fair and a ferry terminal to provide shuttles to San Francisco three miles away…[Full Article Here]

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