Title
Study Session on the Future Development of the Enterprise District Area in Alameda Point. (Base Reuse and Economic Development)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The purpose of this study session is to discuss strategies to attract tenants and future development to the Enterprise District, a roughly 180-acre subarea of Alameda Point which has been envisioned primarily for future job-generating land uses. For over a decade, the City of Alameda (City) has undertaken various efforts to advance development in this area but has been challenged by the need for replacement of core infrastructure, environmental conditions, policy restrictions and market realities. Now that the City has addressed two key barriers which arose during its 2019 development efforts by securing a Surplus Land Act exemption for Alameda Point and forging a tentative path forward with Chevron to remediate the tarry refinery waste, it is time to contemplate the next step to reignite development interest in the Enterprise District.
BACKGROUND
The Enterprise District encompasses roughly 180 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, as shown in Exhibit 1. 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 at Alameda Point to add value and reduce uncertainty to maximize the success of redevelopment.
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 Envir...
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