Mayor Gavin Newsom said Wednesday the federal government will spend more than $82 million next year toward revamping San Francisco’s Hunters Point Shipyard.

Newsom said securing the funds was "a huge victory" for the city’s Bayview community. The city plans to turn the long-shuttered shipyard into a "world-class location providing waterfront parks, thousands of jobs, affordable housing and a major clean technology campus," Newsom said.

The plans also include space for a potential stadium for the San Francisco 49ers.