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Positioning the Alameda Point Enterprise District for Future Development
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To: Members of the Mayor's Economic Development Advisory Panel
EXECUTIVE SUMMARY
The Enterprise District of Alameda Point encompasses slightly more than 100 acres of land, south of West Atlantic Avenue, and west of Central Avenue. This area has been envisioned to accommodate large scale, job-generating development.
For decades, the City has undertaken various activities to attract new development. Most recently, the City approved a purchase option agreement and environmental documents to support a 220,000 square foot nuclear fusion demonstration facility with Pacific Fusion.
In September of this year, Pacific Fusion notified Alameda of their intent to proceed with constructing this facility in Albuquerque, New Mexico. As a result, City staff are now interested in repositioning the site to prepare for new development. Staff are interested in sharing lessons learned from the Pacific Fusion negotiation process, and seeking guidance of the Mayor's Economic Development Advisory Panel on next steps to advance development.
BACKGROUND
The Enterprise District encompasses slightly more than 100 acres of land, south of West Atlantic Avenue and west of Central Avenue. This area has four of its own zoning designations (E-1, E-2, E-3, and E-4) which are described in the 2014 Alameda Point zoning ordinance amendment and map (Exhibit 1). The zoning is highly flexible, allowing for nearly any job generating use but prohibiting residential use, aside from a 100-foot "buffer" area. This area is home to several important Alameda businesses in the maritime industry including Power Engineering, Navier, Kai Concepts, and Republic Services. Astra, which is developing rockets and satellite engines, is currently located in the area as well and is the City of Alameda's largest tenant, leasing a 190,000 square foot building.
Over the years, the City has made several attempts to attract large s...
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