San Francisco Chronicle
From the article:
Big sit-down the other night at the 5A5 Steak Lounge on Jackson Street to try to seal the mega-development deal that Mayor Ed Lee hopes to sign on his upcoming trip to China.
At issue: finalizing a $1.7 billion deal with China Development Corp., the Chinese national railway and Lennar Corp. to construct 12,500 homes on the Hunters Point Shipyard and a string of high-rises on Treasure Island.
In addition to Lee, attendees included Lennar VP Kofi Bonner, former Mayor Willie Brown - who besides his gig as a Chronicle columnist is working to bring in Chinese citizens whose investments here will earn them green cards - and Chinese Chamber of Commerce powerhouse Rose Pak. She's setting up the mayor's trip to Beijing at the end of March.
Also in attendance was a representative from the Chinese end of the deal.
From what we hear, the talks hit a big snag a while back over terms of the Chinese outfits' investment. The snag was one of the key reasons the mayor put off a trip scheduled for last year.
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