Comments on: Michele Ellson on discussion about Alameda Point development http://www.ibabuzz.com/alamedajournal/2009/01/08/michele-ellson-on-discussion-about-alameda-point-development/ Sat, 25 Aug 2012 05:36:58 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Lauren Do http://www.ibabuzz.com/alamedajournal/2009/01/08/michele-ellson-on-discussion-about-alameda-point-development/comment-page-1/#comment-470 Lauren Do Sat, 10 Jan 2009 14:48:01 +0000 http://www.ibabuzz.com/alamedajournal/?p=1100#comment-470 Hi Eve:

I really enjoyed Michele E.’s editorial on her site, I think that the ARRA meeting the other night, with the exception of a very small number of people, did just what Michele E. was calling for. Disagreeing, but doing it respectfully, which is very effective. However, there is still a very long process and road ahead and I hope that folks will continue to comment and critique the project, but in a way that enhances the dialogue.

]]> By: David Howard http://www.ibabuzz.com/alamedajournal/2009/01/08/michele-ellson-on-discussion-about-alameda-point-development/comment-page-1/#comment-469 David Howard Sat, 10 Jan 2009 02:23:17 +0000 http://www.ibabuzz.com/alamedajournal/?p=1100#comment-469 In September of last year, SunCal said it will require $679 million – roughly $700 million – for infrastructure upgrades at Alameda Point. This is from their draft master infrastructure plan. In March 2007, they told the City of Alameda that they would seek redevelopment subsidies (tax-increment financing) to pay for infrastructure. These documents are available on http://www.alameda-point.com and a link to the budget document summary page is under my name.

The City may claim at this point that they will only pay $200 million in subsidies. Only! But the contract with SunCal won’t be finalized until the middle of 2010 – well AFTER the November 2009 vote. So SunCal is free to go back to the negotiating table after the vote and try to talk the City into the full $700 million. It’s called ‘bait and switch.’

Sell the project based on $200 million in redevelopment funds, get the measure passed, then finalize the agreement around $700 million. Bait and switch just like Measure P – “Protect Vital Services” but reserve none of the new funds for vital services.

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