[CPEO-IRF] SunCal gets Alameda Point (CA) development rights

[Lenny Siegel <lsiegel@cpeo.org>]

Surprise winner gets Point deal
Alameda Council picks SunCal over two other companies to redevelop old 
naval base after proposed joint pact fell apart

By Kelly Rayburn
Inside Bay Area/Alameda Times-Star
May 10, 2007

ALAMEDA - Irvine-based SunCal Cos. came out of nowhere Tuesday night to 
win development rights to the former naval air station, a challenging 
property that is nonetheless considered one of the best development 
opportunities in the Bay Area.

The City Council's 3-2 vote to give SunCal a crack at building on the 
former base, now called Alameda Point, came a month after the same 
council asked two other companies - Catellus Development Group and 
Lennar Urban - to forge a partnership for the 700-acre site.

Council members - acting as the Alameda Reuse and Redevelopment 
Authority - abandoned those plans Tuesday after a city staff report said 
the partnership the two companies proposed lacked the structure needed 
to ensure timely development of the base.



...

For the entire article, see
http://www.insidebayarea.com/timesstar/localnews/ci_5861841

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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