The Island: UPDATED Matarrese drops support of SunCal initiative

Excerpt:

Citing financial concerns that have emerged since he endorsed it in May, Councilman Frank Matarrese has dropped his support of SunCal’s ballot initiative that spells out its development plans for Alameda Point.

Matarrese said he still supports SunCal’s land plan for the Point. But he said that the financial underpinnings of the development agreement on the ballot have fallen apart over the last several months.