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Former radioactive waste site is turning into a $5 billion housing development

Business Insider Logo By Melia Robinson of Business Insider | Slide 1 of 29: <p> Treasure Island, a man-made island off the coast of San Francisco, looks more like a post-apocalyptic wasteland than a Bay Area suburb.</p><p> But as demand for housing in the tech capital continues to climb, developers have turned to Treasure Island in the hopes of creating the next big real-estate destination.</p><p> In 2011, the <a href="https://www.bizjournals.com/sanfrancisco/news/2016/06/24/5-billion-san-francisco-treasure-island-structures.html"> city of San Francisco approved a proposal</a> that will add 8,000 new homes, 500 hotel rooms, 300 acres of parks, 140,000 square feet of retail, and 100,000 square feet of office space to the island over the next 15 years. It comes with a price tag of $5 billion.</p><p> With construction on infrastructure underway, we decided to spend the day exploring Treasure Island - and learned there's more to this former toxic waste site than meets the eye.</p>

A former radioactive-waste site is being turned into a $5B housing scheme

Treasure Island, a man-made island off the coast of San Francisco, looks more like a postapocalyptic wasteland than a Bay Area suburb.

But as demand for housing in the tech capital continues to climb, developers have turned to Treasure Island in hopes of creating the next big real-estate destination.

In 2011, the city of San Francisco approved a proposal to add 8,000 homes, 500 hotel rooms, 300 acres of parks, 140,000 square feet of retail, and 100,000 square feet of office space to the island over 15 years. It comes with a price tag of $5 billion.

With construction on infrastructure underway, we decided to spend the day exploring Treasure Island - and learned there's more to this former toxic-waste site than meets the eye.

© Melia Robinson/Business Insider
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