[CPEO-MEF] Island, developers proceed with Point

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California
ALAMEDA TIMES-STAR
Island, developers proceed with Point
Plans to develop former Navy base will go forward
By Kristin Bende
Article Last Updated: Friday, November 21, 2003 - 3:08:17 AM PST

ALAMEDA -- Two months after negotiations between the city and the
developers pegged to build a small city at Alameda Point came to a
standstill, the two sides have seemingly patched their differences and
are moving forward with plans for the former U.S. Navy base.

The City Council -- acting as the Alameda Reuse and Redevelopment
Authority -- late Wednesday narrowly approved a "conditional acquisition
agreement," a document that grants master developer Alameda Point
Community Partners the option to secure rights to the property within 18
months.

Alameda Point Community Partners, a consortium of developers, has been
negotiating with the city since January 2002 to acquire roughly 1,000
acres of prime waterfront property to build hundreds of homes, 300,000
square feet of retail, community facilities, commercial space, parks,
open space and an 800-slip marina.

In September, developers accused the city of "micro-managing"
negotiations and not making decisions. When talks broke down, the
developers called for a "mid-course correction," and the conditional
acquisition agreement.

"It's a positive step and a step that will allow us to move forward in
an accelerated way," said Mayor Beverly Johnson. "Now we can work better
with our development partner and with the Navy to work on the
environmental cleanup."

The conditional acquisition agreement was approved on a 3-2 vote, with
Councilmembers Marie Gilmore and Barbara Kerr dissenting.

This article can be viewed at:
http://www.timesstar.com/Stories/0,1413,125~1486~1781855,00.html

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