San Francisco Business Times: SunCal Co. stumbles on Alameda naval project
Submitted by west on Mon, 02/15/2010 - 16:59
Developer SunCal Co.’s proposal to redevelop a 750-acre portion of a former naval base in Alameda has received a few blows lately, but the developer says it will dust off the plan and try again.
First, more than three-quarters of the island city’s voters turned down a ballot measure on Feb. 2 that would have given the Irvine-based SunCal the green light to overstep density limits.
Then, the city slapped the developer with a notice of default on its exclusive negotiating agreement for failing to meet a critical milestone.
Link to complete story: