The Alamedan: On Point: The China Connection, September 24 2012
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).