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alameda point revitalization initiative
arguments against Measure B
VOTE NO ON MEASURE B - A BAD DEAL FOR OUR CITY
so this historic area can be revitalized to benefit the entire city again.
Therefore, we do support a smart, economic development. However,
the SunCal proposed development is wrong for the future of Alameda
and for all taxpayers. Here's why:
Measure B is a developer-sponsored measure, by SunCal, that is one-
sided. It circumvents City planning processes and gives the developer
complete control of Alameda Point.
If passed, Measure B guarantees the developer the following rights:
WE CANNOT AFFORD A PLAN that will leave our City and its taxpayers
responsible for millions of dollars if Alameda Point development fails.
WE CANNOT AFFORD TO GIVE total control and complete oversight of
Alameda Point to any developer.
WE CANNOT AFFORD TO FUND any portion of the critical
infrastructure and promised public benefits with your tax dollars.
WE CANNOT AFFORD UNATTAINABLE PROMISES from the developer.
WE CANNOT AFFORD MEASURE B.
PLEASE VOTE NO ON MEASURE B!
s/Beverly Johnson
Mayor, City of Alameda
s/Doug deHaan
Vice Mayor, City of Alameda
s/Kevin Kennedy
Treasurer, City of Alameda
s/Blake A. Brydon
President, Alameda Chamber of Commerce
s/Dennis G. Pagones
Real Estate Broker/Alameda Business Owner
so this historic area can be revitalized to benefit the entire city again.
Therefore, we do support a smart, economic development. However,
the SunCal proposed development is wrong for the future of Alameda
and for all taxpayers. Here's why:
Measure B is a developer-sponsored measure, by SunCal, that is one-
sided. It circumvents City planning processes and gives the developer
complete control of Alameda Point.
If passed, Measure B guarantees the developer the following rights:
- Loses $51 million in fees for our City that would ordinarily be
collected from the Developer for basic infrastructure.
- Diverts nearly $12 million in yearly lease revenue from our City to
the Developer.
- Locks in a short fall for public improvements and benefits by
$175 million.
- Guarantees SunCal can sell Alameda Point to any developer -
immediately with no say from voters or the City.
- Leaves the door open for neglect and blight with no actual
development required.
- Freezes the Developer's already insufficient funding at today's
dollar value for the next twenty-five years.
- Approves this development without crucial information on
environmental mitigation, design or costs until after this election.
- Risks raising other taxes and fee when Alameda Point's costs
exceed the 2% cap.
- Exposes the City of Alameda to potential costly lawsuits.
WE CANNOT AFFORD A PLAN that will leave our City and its taxpayers
responsible for millions of dollars if Alameda Point development fails.
WE CANNOT AFFORD TO GIVE total control and complete oversight of
Alameda Point to any developer.
WE CANNOT AFFORD TO FUND any portion of the critical
infrastructure and promised public benefits with your tax dollars.
WE CANNOT AFFORD UNATTAINABLE PROMISES from the developer.
WE CANNOT AFFORD MEASURE B.
PLEASE VOTE NO ON MEASURE B!
s/Beverly Johnson
Mayor, City of Alameda
s/Doug deHaan
Vice Mayor, City of Alameda
s/Kevin Kennedy
Treasurer, City of Alameda
s/Blake A. Brydon
President, Alameda Chamber of Commerce
s/Dennis G. Pagones
Real Estate Broker/Alameda Business Owner