If voters reject the SunCal Initiative
If this initiative does not pass, the City of Alameda will not own the property or have control over its direction. (Source: SunCal's website.)
The City of Alameda will not own the property either way. If the initiative does not pass, the Navy will continue cleanup activities until the land is transferable. The existing businesses at the former base will continue to generate lease income to the city, currently around $12 million a year. The zoning laws of Alameda and normal project approval processes will continue to apply to anyone who wants to pursue building rights at the Point in the future.
See recommendations for a backup plan in the Fiscal Sustainability Committee Report, page 39-40.