The Bakersfield Californian is reporting that SunCal – the master developer for Alameda Point – is defaulting on a $235 million loan from Lehman Commercial Paper Inc.for their McAllister Ranch project near Bakersfield, CA.
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The transportation alternatives report on Alameda Point by WRT tells us that “General Fund property tax revenues are limited due to the fact that Alameda Point is located in a redevelopment project area.” – so the obvious thing to do would be to terminate the Alameda Point Improvement redeveloment Project and allow full [...] The second workshop to discuss the Station Area Master Plan alternatives for Alameda Point will be helpd on May 5, 2008, at Alameda City Hall, in Council Chambers. The analysis of three alternatives for the station area plan for Alameda Point is supposedly intended to simply inform the community’s discussion about land use, density [...] Here is the report from the New York University Furman Center on Inclusionary Housing and the San Francisco Bay area’s use of the of density bonus law to provide more affordable housing. Today the City of Alameda released their report from WRT on alternatives for the Alameda Station Area Plan. Here are some early thoughts on what’s stated in the report: The report lists three alternatives – a Measure A compliant plan, a Transit Enhanced Plan, and a Transit Plus plan. Although the California State Density [...] The California State Density Bonus Law has been on the books for over 25 years, and it mandates that each city in California impement an ordinance which determines how it will be used in their city. The City of Alameda has never implemented such an ordinance. The law allows developers to side-step development regulations [...] Judging from the over 20 letters sent to Alameda City Council for the April 15th meeting, Bay Farm Island residents appear organized, and prepared to fight “Village VI” – the re-zoning of roughly 12 acres of land on Bay Farm Island from commercial to residential, to support the construction of 104 homes. Residents are [...] In announcing the continuation of The Forbidden Kingdom at the Central Cinema, Cinema operator Mark Haskett had some bad news to report: “Sadly, the future of Central Cinema is uncertain. We are now unable to book movies for the summer because the City of Alameda is opening its new movie theater in May and [...] Former Alameda Journal editor Jeff Mitchell now appears to be writing for the East Bay Express. See this article which appeared today. But Mitchell’s running a little late on this game – first, we already covered the potential sales value of AP&T’s network back on March 29th, second he seems to still be riding [...] In her letter to the editor in the April 18th Alameda Journal, Diane Parodi indirectly identifies the real reason that house prices in Alameda are high – and it has nothing to do with Measure A. Rather, Diane Parodi encourages homeowners to “be greedy” and “be proud” and support the Measure H school parcel tax [...] |
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