Excerpt:

Perhaps one of the biggest challenges facing city leaders seeking to redevelop Alameda Point during tough economic times is finding the money to revitalize the 918-acre former Naval base. To address that challenge, some City Council candidates are suggesting Alameda take a look overseas.

“This world economy should not be a one way street. It should be a two way street. And I’d like to foster that,” said Stewart Chen, a council candidate who says Alameda should consider talking to foreign investors.

If elected, Chen said he’d be willing to consider potential Point investors from a variety of other countries, though a likely starting point in his and others’ minds is China (Chen said he isn’t at this point talking to any prospective developers or investors about specific Point proposals).