In this twelve-page letter to SunCal, Alameda City Manager Ann Marie Gallant responds to written comments received from SunCal about the City’s election report. One of the key points she makes tears down SunCal’s claims about “negotiations” to “fix” what’s wrong with the initiative. In the letter, Gallant writes: “the City cannot, at this point, assure voters of the extent to which these issues would be subsequently and satisfactorily addressed as a result of the negotiation process.”
Further, Gallant calls SunCal’s bluff about walking away from the project if the initiative doesn’t pass: “It is also important to note that maintenance of Alameda Point is currently paid through lease revenues generated by on-site tenants, not by Alameda residents. Long-term lease revenues, as you are aware, can be leveraged to generate capital improvement dollars for major infrastructure repairs, if ever necessary.” (Emphasis in the original.)
Note also, that SunCal has not yet walked from their Albuquerque, New Mexico project, even though voters rejected a $400 million tax increment subsidy for SunCal.