For the past thirteen (13) years, The City of Alameda has actively been engaged in the process of the conversion of Alameda Point for public use. In the last eight years the city has been involved with two different master developers. During this period the city has bonded over $15 million in support of public services and the conversion planning process. The City presently has under lease two million square feet of office and commercial spacing, while employing approximately 1,600 personnel.

The present lease agreements at Alameda Point generate $13 million annually. As of July 20, 2010, the city council has allowed the master developer Exclusive Negotiation Agreement (ENA) to expire. Now that the ENA has expired this mandates the City of Alameda to continue to convert Alameda Point with zero fiscal impact (fiscal neutrality) to the City of Alameda, while fulfilling the community’s goals and expectations. The city must make sure that the community is fully engaged in the process and understands all aspects of this complex redevelopment project.