Between now and 2013, Central Station will bring between 1,200 to 1,500 new homes, condos, townhomes, and apartments to a 29-acre area that had been in decline since the 1989 Loma Prieta earthquake. Parks, community services, and shops will once again enliven the neighborhood. And thanks to tax-increment funding generated by the redevelopment, the landmark 16th Street train station will at last be restored, revitalized, and put to good use for community events and projects.

Currently plans are being finalized for the reuse of the 16th Train Station, which will be owned and operated as a nonprofit, with some of the redevelopment funds coming from the tax increment money created by the housing currently under construction.