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PBS/Frontline is scheduled to air “The Fall of Lehman” later this month. Late last year, the camera crew shot about four hours of video interviews and footage of the damage and asbestos contamination left by SunCal after they fled the site pursuant to their financing partner’s bankruptcy filing in September 2008. [...] Facing criticism and bad publicity over their failed Oak Knoll project that was beginning to negatively impact their chances with their Alameda Point Revitalization Initiative, SunCal rushed out a press release earlier this month, announcing $500,000 in maintenance funding for Oak Knoll. Trouble is, there was no substance behind the announcement. [...] The Oakland Tribune published an article yesterday about how SunCal’s and Lehman’s wrangling continues even while Oak Knoll deteriorates. Is this what we can expect from SunCal and DE Shaw? [...] In a letter sent to Alameda County District Attorney Nancy O’Malley on October 13th, and copied to Oakland and Alameda city officials, Donald Mitchell of the Sequoyah Hills/Oak Knoll Neighborhood Association asked Ms. O’Malley to “effect the arrest, and begin the immediate prosecution, of various specific persons” pertaining to the ongoing nuisance at SunCal’s stalled [...] Last week, SunCal announced that they had secured $500,000 from the Lehman Brothers bankruptcy trustee for “maintenance” at their stalled SunCal Oak Knoll redevelopment project. Past and more recent court documents prove the assertions by SunCal are hollow. Documents also show how SunCal brings very little, if any money to their deals, and they rely [...] On Wednesday we reported that, in a limited-distribution statement, SunCal responded to the concerns of Oakland hills residents worried about hazardous waste and fire hazards at the nearby SunCal Oak Knoll redevelopment project. Yesterday, Action Alameda News received a copy of a formal release by SunCal. And we received responses from both the City of [...] On October 2nd, SunCal sent a statement to City of Oakland officials in response to concerns raised by residents over the potential fire hazard posed by the stalled SunCal Oak Knoll redevelopment project. Nearby residents respond. [...] The East Bay Express has published an article on the concern that Oakland Hills residents have over the potential fire hazard represented by SunCal’s stalled Oak Knoll project. [...] Updated: October 1, to include City of Oakland-provided demolition/abatement costs. The bankruptcy of the joint SunCal-Lehman Brother’s redevelopment project for the former Oak Knoll Naval Hospital has left the City of Oakland scrambling to procure a contractor to perform asbestos, lead-paint and fire-hazard abatement on City of Oakland property, while facing heat from nearby residents. [...] Oakland Hills residents confirm that SunCal made promises to them about cleaning up buildings at the former Oak Knoll Naval Hospital site, similar to the promises SunCal is now making to Alameda residents about Alameda Point. But the bankruptcy of the joint SunCal – Lehman Brothers ventures and subsequent EPA investigation over asbestos debris piles [...] |
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