Treasure Island, Treasure Island housing plans scaled back

April 11, 2013 4:09:36 PM PDT
A plan to build 12,000 homes in San Francisco's Hunters Point neighborhood and at Treasure Island has been scaled-back significantly to just 200 homes at Hunter's Point.

San Francisco Mayor Ed Lee said Thursday he's confident the 200 home development will go forward.

The mayor recently returned from China where he was working on the deal for a much larger development.

Mayor Lee said Chinese investors were unable or unwilling to meet the conditions of the project with Lennar, that's the U.S. based developer.