Some have criticized the alternate plan for Alameda Point from Save Our City! Alameda for lacking specifics on where the money will come from to spark a new generation of green technology companies at Alameda Point. But a federal loan for electric car maker Tesla Motors validates the plan and demonstrates how it can work.
The Energy Department announced a $465 million loan for Tesla Motors to ramp up production of their electric car. Tesla’s announced strategy is to prove out their technology by producing high-end roadsters for the luxury market, and slowly work their way down production cars that the masses can afford. Tesla is a great example of a green tech company that could fit in at Alameda Point, and the money is part of a $25 billion loan fund from the federal government.
If only Alameda City Council would get off the stumbling horse that is SunCal and get on track with an adaptive re-use plan for Alameda Point that focuses on cleantech, green technology and job creation.
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