Alameda Sun: Navy Hands Over Point, October 6, 2011
Submitted by west on Fri, 10/07/2011 - 05:51
It all comes down to jobs. In a ceremony at Alameda Point on Thursday, Sept. 29, the Navy officially presented the city with the terms for transferring 918 acres of the former Naval Air Station Alameda, known as Alameda Point, into city hands. Though the Navy had been asking for $108.5 million for this property throughout most of the last decade, it recently decided that it was in the best interest of economic development to transfer the property to the city under a no cost conveyance.
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