At a special city council meeting next week, city staff will ask the council to approve a development and disposition strategy for Alameda Point.
The City of Alameda expects that significant portions of Alameda Point will be transferred from the U.S. Navy to the City this year. The latest development strategy from the city was spelled out in a March 20th report to council, and is summarized in the meeting packet for next week:
(1) having the City lead and provide upfront funding for an entitlement effort; (2) taking concurrent, yet different approaches to entitlement, disposition , and development of more manageable pieces and sub-areas, including identification of some initial phases of development within the large , 918-acre Alameda Point property; (3) preparing certain entitlements and analyses for the whole property that will guide these more specific efforts…
To kick-start the development, City Manager John Russo is proposing that the City of Alameda issue $5 million in bonds backed by lease revenues generated by Alameda Point. The money would be used for detailed planning, entitlement development, support services and related costs for mapping out detailed plans for specific sub-districts at Alameda Point.
The City of Alameda would also issue an RFP for a development advisor.
The special meeting is at Alameda City Hall, May 8th, at 7:00 p.m.