In 2017, the City of San Francisco established the Treasure Island IRFD at Treasure Island and Yerba Buena Island, which are nestled between the cities of San Francisco and Oakland. The Treasure Island IRFD is overseen by the City and the Treasure Island Development Authority (TIDA), who is made up of members from the City of San Francisco’s Board of Supervisors. Drawing from tax increment as well as funds from a Community Facilities District (CFD), the Treasure Island IRFD will go towards funding housing development, commercial and retail development, public infrastructure improvement (streets, utilities, community facilities, etc.), park/open space maintenance, and geotechnical improvements.
While funds from the CFD go primarily towards the proposed park, open space maintenance, and geotechnical improvements, the funds generated from the IRFD go primarily towards the proposed housing, economic development, and property improvements.
Official information on the IRFD can be found at https://sftreasureisland.org/