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Study Session on the Future Development of the Enterprise District Area in Alameda Point
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To: Members of the Mayor's Economic Development Advisory Panel
From: Abigail Thorne-Lyman, Base Reuse & Economic Development Director
EXECUTIVE SUMMARY
Staff are seeking the input of the Mayor's Economic Development Advisory Panel (EDAP) on strategies to attract tenants and future development to the Enterprise District, a roughly 100-acre subarea of Alameda Point which has been envisioned for future job-generating land uses. For over a decade, the City has undertaken various efforts to advance development in this area, but has been challenged by the need for extensive replacement of core infrastructure, environmental conditions, policy restrictions and market realities. Now that the City has addressed two key barriers which arose during the 2019 development efforts, staff are contemplating the next step to reignite development interest in the Enterprise District. Staff intend to bring a study session to the City Council in late 2024.
BACKGROUND
The Enterprise District encompasses roughly 100 acres of land bounded by West Atlantic Avenue to the north, Main Street and Central Avenue to the east, and Seaplane Lagoon to the west. The Enterprise District is entitled for commercial development and it is anticipated that over 2 million square feet of new development could be accommodated in this area.
From 2009-2014, the City, acting as "master developer", undertook a number of initiatives to add value and reduce uncertainty to maximize the success of redevelopment at Alameda Point.
These efforts included:
* Preparing a number of planning documents, including a Town Center and Waterfront Specific Plan, General Plan Amendment, Zoning Amendment and Master Infrastructure Plan (MIP);
* Establishing a Community Facilities District (CFD) as part of ensuring fiscal neutrality;
* Certifying an Environmental Impact Report (EIR);
* Obtaining a commitment from the Water...
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