Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Resident warns of bond risk, raises equity concerns over parking and transit goals
Summary
At the TIDA on‑island meeting, longtime resident Jeff Klein urged the board to reconsider project financing optimism and raised equity concerns about proposed parking/tolling policies and a 50% transit mode‑share benchmark, warning of developer shortfalls and possible city exposure on special tax bonds.
Jeff Klein, a 26‑year Treasure Island resident, told the Treasure Island Development Authority board that the redevelopment project is "ill conceived" and warned it may be financially strained, saying developers "began suing each other years ago" and sales remain far below expectations. "It's time to stop pretending the TI project will do anything to reduce greenhouse gas production or slow down global warming," he said during the public‑comment period.
Klein cited figures he described as evidence of fiscal stress — low sales rates in completed buildings and large outstanding obligations tied to CFDs and IRFDs — and said the city’s name appears on some bond…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
