City Council commits cash for Alameda Point
The City Council okayed a pair of agreements Tuesday night that will allow them to use future property tax revenues to fund affordable housing and roads, storm drains, parks and other infrastructure improvements at Alameda Point and other redevelopment areas on the Island. The vote was 4-0, with City Councilwoman Beverly Johnson being absent.
The agreements commit $235 million for infrastructure and affordable housing at Alameda Point and $91 million for those items in other areas of town. Former Alameda Point developer SunCal had sought $212 million in public funds to redevelop that property.
The agreements were inked in anticipation of Governor Jerry Brown’s potential success with an effort to eliminate local redevelopment agencies and with them, their right to use property tax money to help fund development efforts on blighted properties like Alameda’s former Navy base. Brown’s proposal would, however, allow cities to continue paying existing obligations.
“All these projects are very important for turning blighted areas into economic centers,” City Councilman Doug deHaan said.
The agreements provide insight on a host of future development efforts on the Island. The Point agreements include $40 million to subsidize affordable housing at Alameda Point, an amount based on 1,800 homes being built there. They also include $68.5 million for parks and open space, $39.5 million for flood protection and $22 million for a storm drain system there.
A second set of agreements sets aside $10 million to purchase and redevelop the Islander Motel into affordable housing, and another $2.4 million for 24 affordable homes on the old Island High School site on Eagle Avenue. It also has money for road improvements near the planned Alameda Landing and Boatworks projects and $10 million for a cross-Alameda transit, bicycle and pedestrian trail.
The agreements were okayed as the council authorized Acting City Manager Lisa Goldman to ink an agreement to buy the Islander Motel. The council also unanimously approved a resolution opposing Brown’s plan to eliminate redevelopment agencies.