Naval Station Treasure Island was closed in 1997 and leased to the City of San Francisco. Today the island is open to the public and is home to more than 2,000 residents, commercial tenants, restaurants, schools, arts and athletic organizations, and community organizations.

Yes, Treasure Island Hotel & Casino (often abbreviated as TI) still exists and is a major fixture on the Las Vegas Strip in 2026. While it has moved away from its original "pirate" theme that featured the famous "Sirens of TI" outdoor show, it remains a popular destination known for its slightly more affordable luxury and central location. The resort now features a more contemporary "sophisticated" aesthetic, though the iconic pirate ship still remains in front of the hotel as a nostalgic landmark. Inside, the hotel is home to the legendary Cirque du Soleil show "Mystère," which has been a staple of the Las Vegas entertainment scene for decades. In 2026, TI is also recognized for its "no resort fee" options on certain booking tiers and its diverse dining scene, including Gilley’s Saloon and Señor Frog’s. While the "island" theme has been toned down, the property remains a thriving, 2,800-room resort that caters to both families and high-rollers, proving its resilience in the ever-changing landscape of the Las Vegas Strip.