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$700 Million Bailout of SunCal at Alameda Point

Home sales at Alameda Point will ultimately generate billions of dollars of revenue, but SunCal is gearing up to ask the City of Alameda to provide a $700 million taxpayer-funded “bailout” of the project by issuing redevelopment bonds to pay for infrastructure.

Home Sales Revenue

# of Homes      Avg. Sales Price      Revenue

4,000               $500,000               $2 billion

6,000               $450,000               $2.7 billion

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