[CPEO-MEF] REUSE: Mare Island (CA) jobs

[Lenny Siegel <lennysiegel@gmail.com>]

Mare Island is generating jobs, but at slower-than-forecast rate

By JESSICA A. YORK
Vallejo Times-Herald (CA)
August 4, 2008


Though job growth on Mare Island has continued to rise over the past 
decade, the weakened economy has taken its toll on new job growth.

A recent snapshot of the former shipyard's economic health was presented 
by master developer Lennar Mare Island to the city last Thursday as part 
of a bi-annual performance review.

The bottom line: New job creation on Mare Island is lagging.

Lennar Mare Island outlined capital improvement investments, revenues 
and job growth on the island in the review. The statistics are supposed 
to meet a performance schedule, first established in a 1999 Acquisition 
Agreement between the developer and the city. The agreement is 
non-binding, however, and has been adjusted in a generally downward 
direction 10 times since its inception.

...

For the entire article, see
http://www.timesheraldonline.com/news/ci_10092452

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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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