Deal time - Page 3

Board certifies Lennar's EIR, but a battle still looms over amendments to the massive redevelopment project

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"But while that amendment allowed one board member to showboat, it prevented the problem from being solved."

Bloom is concerned that under the financing deal, the project won't make any money for at least 15 years and will be vulnerable to penalties and bumps in the market — an equation that could lead the developer to build only market rate housing at the site.

"It's a problematic analysis at best," he said.

"The bigger the development, the more it benefits people who have the capacity to address it — and that's not the community," Bloom said. "So there'll be more discussion of the bridge, and that's where the horse-trading is going to be."

He also said the bridge has now taken on a symbolic value. "The thing about the bridge is that it's not actually about the bridge any more," Bloom added. "It's about Lennar telling people, 'You will support us.' If they get the bridge, it will give them free rein, an unencumbered capacity to do as they see fit. They are willing to make deals, but they have to have the bridge because it defeats the people who have been the most credible and visible — and then they have no opposition."

Comments

David Chiu's proposed amendments to the Shipyard plan are simply not strong enough, especially in the case of toxic and radioactive waste clean-up. Holding parcel E-2 approval alone does not guarantee a safe project. There are other smaller parcels and sites with Superfund level waste. And E-2 and all of these others must be fully cleaned before any construction takes place not only on those parcels, but on parcels -adjacent- to them.

Asbestos controls are not remotely acceptable, there is no guaranteed local hiring, and affordable housing guarantees are woefully inadequate.

Prop P is also not being honored meaning that 'Institutional Controls' will allow such nonsense as proceeding with housing developments in which residents will be barred from growing edible vegetables in their own gardens because of toxic contaminant levels.

While the slough bridge is also unacceptable, it is far from the key issue with this project.

Keeping residents and workers from getting sick and dying because of toxic waste and asbestos is where the rubber hits the road, and at this point, the project plan's approach to these issues is a joke.

Chiu's amendments must be -extensively- broadened and strengthened.

Posted by Eric Brooks on Jul. 21, 2010 @ 12:10 pm