Locally based builder Corky McMillin Cos. plans to developoffice and research and development buildings, two hotels, homes,parkland and other structures on the property in the Point Lomaarea. The $500-million project will be built over a 10-yearperiod.

Mayor Susan Golding calls development of such a valuable pieceof waterfront property "a real opportunity" for the city. Failureto take advantage of the project "will be a tragedy," she adds.

The federal government announced in 1993 that the Navy boot campwould be closed along with dozens of others nationwide followingthe end of the Cold War.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.