Radioactive Waste Delays San Francisco Housing Project

Radioactive material was recently discovered at a proposed housing development in San Francisco, and that has put a huge wrench in the overall project. The development in question is an over 500-acre project at the former Hunters Point Naval Shipyard, which was already underway after years of efforts and over a billion dollars were spent to clean up the toxic site. But a 1.5-inch deck marker covered in radium-tainted paint and a radioactive piece of glass were recently discovered, which is necessitating further cleanup efforts, including excavation of entire parcels that is expected to delay things by at least 18 months. Lawsuits have also been filed calling for retesting of the entire development site, and honestly can't say I blame them, especially given that the former contractor who was hired to do cleanup at the site pleaded guilty to fraud for falsifying soil report data. Plans for the mixed-use community call for converting the World War II era naval yard into 12,000 new homes, 3 million square feet of office space, a million square feet of retail space. And at this point, the project likely won't resume, at least on those parcels, until around 2026. Follow me for more Bay Area real estate.