SAN FRANCISCO— Focal Corp.’s parent company, United Native Depository Corp. (UNDC), has acquired a majority interest in Navillus Associates LLC, which is one of the two companies that is bidding on the master development project for Treasure Island, located in the San Francisco Bay. If Navillus is selected by the Treasure Island Development Authority, it is intended that Focal will be named the master developer for the project. Treasure Island, which currently serves as a naval base for the U.S. Government, will be redeveloped into a self sustaining resort city with hotels, restaurants, malls, a sports complex, technology center, and other infrastructures. The redevelopment project value is estimated to be $2.5 billion.
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