On Point: Unions, Jack!
The Alameda Labor Council, AFL-CIO and Alameda Building and Construction Trades Council have banded together to form No on B – Bad for Alameda, newly released campaign disclosure reports show. And so far, four local unions – carpenters, painters, sheet metal workers and the building and construction trades council – have chipped in $16,560 toward their efforts.
Union officials refused to comment on why they are becoming directly involved in the campaign to defeat the measure, though City Councilman Frank Matarrese has said publicly that SunCal’s plans don’t guarantee that union labor will be used to build out at Alameda Point.
Protect the Point, a committee made up of locals who oppose Measure B, has received $21,665.41 in cash and non-monetary contributions to date, campaign filings show. About a quarter of that has been spent on newspaper ads, door hangers and those No on B lawn signs that have been popping up around town.
Meanwhile, Revitalize Alameda Point – SunCal’s campaign committee – has yet to make their latest filing, which was due Christmas Eve. City Clerk Lara Weisiger said the penalty for failing to make the filings on time is $10 a day.
According to the developer’s last filing, Revitalize Alameda Point spent $707,563.27 on its pro-Measure B campaign as of September 30.
Treasure Island: The San Francisco Chronicle has run a few stories in recent weeks about the city’s purchase of Treasure Island from the Navy for up to $105 million and about issues raised about development plans there. As far as I can tell, development plans don’t seem too dramatically different from what’s envisioned at Alameda Point (green, mixed use), and some of the issues raised (sea level rise, price) are also similar.
Personally, I think it’s a good backdrop to view our own hopes and concerns for the Point against, and worth keeping tabs on. Apparently, so does blogger Lauren Do, who has posted on it here and here (the latter post has a link to the presentation a San Francisco city official did for the ARRA board a number of months back regarding their Treasure Island plans that’s worth a watch if you haven’t seen it already).
The New Mexicans: SunCal’s troubles extended to their massive Albuquerque project this past week, when creditors filed foreclosure proceedings in which they seek to collect $182 million in outstanding loans on the project, The Albuquerque Journal reported on December 19 (thanks to Alameda Point Info for the link).
According to the story, SunCal – which co-owns the project with D.E. Shaw – borrowed $220 million from a group of creditors to purchase 55,000 acres to build a master-planned community on the west side of town. SunCal’s spokesman told a reporter the company has made all its payments on time but that the company is seeking extensions for the remainder of the loan debt.