Economic slowdown leading to downsized development plans for SF

A plan to remake one of the last large tracts of San Francisco's waterfront likely will be more modest than originally imagined and bring the cash-strapped Port of San Francisco less money than once hoped.

The Port Commission today will decide whether to allow port officials to negotiate exclusively with a team that wants to construct a neighborhood on a 16-acre tract that has been used as a parking lot for AT&T Park...

As it stands, the project would produce approximately 10 commercial and residential buildings, including two towers near 200 feet and another taller than 300 feet. The area would be broken into 12 small city blocks and would feature 8 acres of open space, including the waterfront park.

SOURCE: SF CHRON