Orange County Business Journal: SunCal Cos.’ Bay Area Base Redevelopment in Jeopardy

Excerpt:

Irvine-based master developer SunCal Cos. is searching for a “Plan C” to push ahead on the massive redevelopment plan it has in the works for the Bay Area.

A ballot measure that would have cleared the way for SunCal to start redeveloping about half of the 1,500-acre former Alameda Naval Air Station was soundly shot down by that city’s voters about a month ago.

Now the city of Alameda is reportedly threatening to end SunCal’s exclusive negotiating agreement for the site, now known as Alameda Point, if a better plan isn’t drawn up soon by the developer.