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Don’t count on Fremont redevelopment bond / Irvington BART Station

Last Thursday, Fremont postponed issuing up to $140 million in redevelopment bonds after the sate just hours earlier posted its plan to do away with redevelopment.

The city hoped still to be able to issue the bonds, but that appears unlikely now.

Under the state’s plan, a local oversight board would be able to challenge the city’s bond issuance. That board would be stacked with public agencies (the county, the school district, the water board) that lose tax money because of redevelopment and would stand to get more money if Fremont doesn’t go ahead with that bond.

Fremont officials fear issuing the bond is asking for trouble. If the bond were challenged, not only would Fremont not be able to spend the bond money on the BART station, but Fremont would lose some of the redevelopment money that would have trickled in to the city’s general fund.

The council will vote on the bonds Tuesday, but the ones I spoke with today said it was very unlikely they would vote to issue the bonds.

The timing really is unfortunate for Fremont. The city spent several years and quite a lot of money on environmental reports to increase the amount of available redevelopment funds. It was planning to issue those bonds later this year, but it looks like the state will make that a wasted effort.

Amazing that three months ago the city was counting on two BART station with lots of development opportunities to open by 2015. Now it looks like it will get one BART station next to a rail yard.

Matt Artz

  • west

    Our Amatuer part-time City Council at there best!

  • Poppie

    Making the council full time and paying them as professionals would not necessarily guarantee any better results.
    They would just spend more time hiring more consultants and meddling with more projects they shouldn’t get into.

  • chinmoy roy

    If there is no money, the hand of the Big Brother comes down on you. It has nothing to do with he Council. Can you get back the billions spent on the Iraq war? For those who think and ascribe everything to the City Council’s failure have their heads firmly entrenched in their butts. To them I say. go ahead and let your thinking be subjected to silent and behind the scenes mockery.

  • west

    Poppie,
    I disagree, check out the cities that pay a decent wage for full time Council members, San Jose, Palo Alto, etc.
    They are head and shoulders above Fremont.

    You must be one of those peole that wants Fremont to stay a small town persona, you are not alone.

    That is the reason Fremont voters keep electing these losers!

  • Poppie

    And what is wrong with having a small town personna? Being surrounded by the giants of San Jose, Palo Alto, San Francisco, Oakland — cities with Universities, well educated populations, seaports and airports, and longer established existing city cultures that put Fremont in a different class.

    We should play to our strengths, and stop trying to be something we are not. We don’t have the geography or the transit connections to be “BIG CITY.” We don’t have the intellectual and social-charitable infrastructure to support big city ways. At this point in time we don’t have the means to develop any of that. It’s time to dream practical, not BIG.

    People moved here for a quiet suburban life, with good schools and basic amenities where they could have quality family lives. Why keep trying to mess it up for them and force them over the hill to Danville and Pleasanton?

    People here most probably moved OUT of the cities to avoid all the hassles that go with noisy, smelly, crowded contentious urban life. Truth is, a very few well off people live very well in cities, while the majority just get by and live shorter and more uncomfortably stressed lives.

    Build on what we’ve got. Green serenity and breathable air, and space to raise kids. If people want to live in big cities, they can move to the vacant high rises in San Jose and over on the Penninsula. Just fill the potholes, keep the traffic moving, nurture strong community and good schools and keep out the gangs and everything will go very well for the majority already here.

  • http://www.libertyatlarge.com Richard McGuire

    The problem is we are putting to much trust in a handful of people to manipulate the local economy. To raise the pay rates of the city council members, is raising the taxes on current residents or re-directing funds from other programs.

    We need to re-examine the roll of government and begin cutting programs that are better served in the private sector. Make our city business friendly and set the model for the rest of California.

  • west

    Poppie,# 5
    You explained your position very well. This is a element, that is not talk about but is relevante.
    Some local politicians have realized this and played to it very sucessfully.

  • Gus Morrison

    Poppie nailed it. I always describe Fremont as “A clean, well lighted place for kids”, stolen from the name of a defunct Berkeley book store. That is why most people come here. We will never be all things to all people, and we shouldn’t ever try.