Two grants under one corner
A $3 million Federal Highway Administration grant and a state Affordable Housing and Sustainable Communities award pay for the ferry terminal work at Treasure Island. The transportation authority now lists the state share at $1.6 million. The June capture of the same page read $1 million.
The contract
The Treasure Island Mobility Management Agency adopted Resolution 26-01 on 22 July 2025 for the award. Construction went to Thompson Builders Corporation at $3,047,000, with a $152,350 contingency, for a total allotment of $3,199,350. The engineer's estimate was $2,950,000, so the award runs $97,000 above it, at 3.3 percent.
One bid arrived, opened 3 June 2025. The award memo sets a 22 percent disadvantaged business enterprise goal and records a 2.6 percent commitment against it.
The public partners
The transportation authority holds the construction contract. Treasure Island Community Development completed the design. The work sits inside the Island Center Transit Hub the 2011 environmental impact report described: a ferry terminal, shelters for bus and shuttle transfers, and an area for ticket sales and travel and tourist information.
Muni route 25 runs to the Salesforce Transit Center every 20 minutes. The ferry makes 14 weekday departures in each direction. The contract memo lists an on-island shuttle and East Bay bus service as future components of the hub.
The pipeline the corner serves
The redevelopment plan allows up to 500 hotel rooms across Treasure Island and Yerba Buena Island. No hotel operates on either island, and the venue directory lists nine venues with no lodging among them.
The residential side reads further along. Isle House reports 95 percent leased, The Bristol 70 percent sold, and the program plans more than 2,000 below-market homes.
The corner carries two grants, one bid and a 500-room entitlement. No hotel has been announced against it.