Excerpt:

The Alameda Chamber of Commerce says it opposes SunCal’s proposed ballot initiative, which spells out its development plans and a development agreement for Alameda Point.

“We like SunCal’s ambitious plan to develop Alameda Point, but we don’t like this initiative process,” Chamber Board President Blake Brydon was quoted as saying in a press release issued after the board voted to oppose the measure. He said the Chamber thinks the measure would create “a long-term financial risk for businesses and residents.”