Alameda Chamber opposes SunCal initiative
The Alameda Chamber of Commerce says it opposes SunCal’s proposed ballot initiative, which spells out its development plans and a development agreement for Alameda Point.
“We like SunCal’s ambitious plan to develop Alameda Point, but we don’t like this initiative process,” Chamber Board President Blake Brydon was quoted as saying in a press release issued after the board voted to oppose the measure. He said the Chamber thinks the measure would create “a long-term financial risk for businesses and residents.”
Specifically, the board was concerned about provisions in the initiative that could essentially provide SunCal breaks on up to $82.4 million in developer fees and others that they said would divert lease revenues the city collects on properties now rented at the Point to the developer. The city collected about $12 million in lease revenues at the Point last year, and most of the money was used for upkeep there.
Chamber Chief Executive Officer Melody Marr said the board would prefer that SunCal negotiate its development agreement with the city. She said the developer should work something out with the City Council instead of trying to make a deal with voters at the ballot box.
Marr said the Chamber will hold two community meetings to discuss the specifics of their decision and related issues, like whether the organization would support putting an amendment to development-limiting Measure A on the ballot to advance the plan.
Those meetings are from 8 a.m. to 9:30 a.m. and 6:30 p.m. to 8 p.m. October 8 at Cardinal Point, 2431 Mariner Square Drive. RSVPs are requested, and you can make those by calling the chamber office, at 522-0414.
A SunCal rep did not return a call seeking comment.
The chamber’s release said members of the board met with representatives from SunCal, the city and opponents of the proposed measure before making their decision.
SunCal has until September 28 to turn in their signatures in order for their petition to be placed on the ballot.
The Chamber’s announcement comes on the heels of news that a group of local business and community leaders formed a committee to support the plan.