Contra Costa Times: Partnership of developers gets exclusive negotiation agreement for former Navy base, November 19, 2014
A partnership of developers has secured an exclusive negotiation agreement with the city to build up to 800 housing units and 200,000 square feet of commercial space at Alameda Point.
Alameda Point Partners, which would pay $108 million for the 68 acres that will be part of a future "Waterfront Town Center," will also build the project's infrastructure, work that city officials say will jump start the overall redevelopment of the former U.S. Navy base.
The City Council voted unanimously to enter into the agreement on Tuesday, despite Mayor-elect Trish Spencer asking it to hold off, saying redevelopment was a major issue during the Nov. 4 election and that by moving now the council was hindering her and the two newly elected council members from weighing in on the agreement.
But Councilwoman Lena Tam, whose term on the council will end next month, said the agreement was the culmination of a string of public workshops and hearings, while Vice Mayor Marilyn Ezzy Ashcraft noted that future meetings regarding the agreement still must take place.