Alameda Point

October 26th, 2009

Alameda City Council Votes to begin Environmental Study of Alameda Point Revitalization Plan

SunCal Companies to Pay for the $2 million Environmental Impact Report

Alameda, Calif. – The Alameda City Council voted unanimously at its Tuesday meeting to start the important environmental study of the plan to revitalize and re-use Alameda Point, the former Navy base on the western edge of the city.

Although not required by California law for an initiative to be placed on the ballot, SunCal has agreed to fund an Environmental Impact Report (EIR) in order to assure that the environmental impacts of the whole of the project will be addressed prior to construction.

Read More...

Comments (0)

October 19th, 2009

SunCal to Resume Cleanup of Oak Knoll Property – Court Authorizes Funds for Weed Abatement, Security and Maintenance

Here is a breaking news update on the Oak Knoll property in Oakland. A U.S. Bankruptcty Court has authorized the use of $500,000 to clean up the 167-acre site. Lehman Brothers filed for bankruptcy in 2008.

Read More...

Comments (0)

October 15th, 2009

SunCal Companies Responds to Mayor Johnson

Alameda Mayor Beverly Johnson issued a press release late Tuesday regarding the initiative to revitalize Alameda Point. Yesterday, SunCal Companies sent this letter to the Mayor, responding to the questions that have been raised.

Read More...

Comments (0)

October 8th, 2009

SunCal Secures Funds to Clean Up Oak Knoll Property

Money to be Used for Weed Abatement, Security and Maintenance

Oakland, Calif. (Oct. 8, 2009) – SunCal Companies today released the following statement regarding critical cleanup and maintenance issues at the Oak Knoll property in Oakland:

“We are pleased to announce that we have reached a stipulation with the project’s bankruptcy trustee and Lehman Brothers to effectively address some of the concerns about the site that are of an immediate nature. Contingent upon the court’s approval, the trustee has agreed to release funds for property-wide weed abatement, cleaning up wood piles and repairing of perimeter fences. In addition, there would be a team of armed security guards on duty 24 hours per day to help secure the property from trespassers.”

“The resumption of property maintenance and security is an important matter we have consistently advocated with Lehman Brothers, the financial partner for SunCal Oak Knoll, LLC, the owner of the Oak Knoll property. Lehman Brothers filed for bankruptcy in September 2008 and this has affected the funding for Oak Knoll and other projects that the firm provided financing for.”

“We are continuing our discussions with Lehman and the trustee about the outstanding issues at Oak Knoll and are working with them in an effort to resolve these matters. SunCal remains committed to the long-term potential and vision of the Oak Knoll master-planned community.”

Read More...

Comments (0)