Alameda Point receives 20-30 inquiries

Alameda Journal is reporting that the city has embarked on a four-month effort to recruit another master developer for Alameda Point and has received 20-30 inquiries from interested developers.

The city has already received 20 to 30 inquiries from developers for the land following the recent withdrawal of the partners, said Debbie Potter, the base reuse manager.

“Depending on the profile of the company, there may be other developers out there who are interested in the project,” she said.

It was interesting to read that under the land was valued at no cost under the rules of the Clinton administration. But the Bush administration passed new regulations that require the Navy to estimate the cost at approx $109m (perhaps to pay for the ongoing mess in Messopotamia, but I digress). There is still the possibility that the Navy might auction the land to the highest bidder!

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