DOUBTFUL PROMISES: A REPORT TO THE ALAMEDA COMMUNITY ON THE SUNCAL/SHAW HEDGE FUND INITIATIVE (Renewed Hope), September 24, 2009
SUNCAL/SHAW HEDGE FUND INITIATIVE PROBLEM OUTCOMES: SUMMARY
The initiative, if approved by Alameda voters would
* give the developer the right to decide the overall project‟s size, mix of uses, open space plan, public facilities, transit options, and timing.
*give the developers the right to decide the size, density, mix of uses, open space plan, transit options, timing and other major characteristics of the development within each district.
* lock in a process of ministerial (i.e., no city discretion to modify or reject) approvals that prohibit the public, the Planning Board, and the City Council from reviewing or appealing permit approvals, with few exceptions
* fail to guarantee delivery of any specific public benefits or improvements, including those listed in the initiative
* divert scarce city and redevelopment resources from the rest of Alameda to the Alameda Point project and make it prohibitively expensive for the city to refuse to provide the project with redevelopment (tax increment) funds;
* allow the developer, to sell off Alameda Point piece by piece with these extremely valuable entitlements in place to developers it selects. The city would be obligated to honor the development agreement with developers falling short of the city‟s minimum financial, competence, and design qualifications.;
* undermine environmental review by postponing it until after the developer would already be in possession of full development rights that would hinder the city‟s ability to require mitigations or project alternatives; and
* prohibit amendments to correct any of the initiative‟s problems without the approval of the initial and subsequent developers, for at least 30 years
[Also includes a separate document with questions from John Knox White and responses from Renewed HOPE.]