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City outlines Alameda Point sale and lease strategy as infrastructure costs rise; council introduces leases for Bluetech tenant and fire admin move
Summary
Staff reported the estimated remaining backbone infrastructure cost for Alameda Point has climbed to roughly $900 million; disposition strategy will prioritize Phase 1 loop parcels and consider creative financing. Council introduced leases for Kai Concepts and a five‑year lease to house consolidated Fire Department administration.
City officials told the Alameda City Council on Tuesday that the price tag to finish backbone infrastructure at Alameda Point has increased substantially and that disposition strategy will focus on selling parcels tied to completed infrastructure loops while exploring other financing and lease options.
Abby Thorne Lyman, director of base reuse and economic development, briefed the council on a disposition approach that prioritizes parcels adjacent to the completed Phase 1 infrastructure loop so the city can capture value from recently installed streets and utilities. She said the…
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