pages: CityCouncil/2005-11-01.pdf, 5
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2005-11-01 | 5 | per square foot charging 60 cents would amount to millions of dollars over time; the Council cannot treat fiscal issues lightly there is pent up demand for a movie theater in Alameda; he is concerned with project development a lot of public dollars are being put into the project; $9 million is being put into the historic theater and more is being put into the parking garage and cineplex; public investment would be paid back through future tax increments; redevelopment needs to add value and not just recoup investments; projects need to generate sales tax, more property taxes, and more revenues; investments are being made that are not just redevelopment dollars, but dollars that previously went to other taxing public entities; the promise of redevelopment is not just to revitalize blighted areas but also to pay back entities there would not be associated redevelopment costs if there was a better business deal; the project is more of a street and sidewalk public works project, where recouping of public funds is not expected; he is glad that the historic theater would be restored; he is concerned with getting the best possible rent for the City a beautiful project should never trump bottom line considerations; he will stick to his guns regarding the fiscal aspects of the project. Mayor Johnson stated that the Council voted on the business plan in May; Councilmember Daysog voted for the business plan, which included the square footage rental; the historic Alameda theater project is not intended to be strictly a business deal, but also a historic renovation project; a new cineplex could be built for less money; the historic theater is being significantly restored; she would hope that a second and third phase restoration could be done; saving the building first is necessary. Councilmember Daysog stated that he voted for the Disposition and Development Agreement (DDA) in May; a DDA is never consummated until all the land use approvals are put in place per the Municipal Code; financial feasibility was referenced when the Downtown Vision Plan was adopted. Councilmember Matarrese moved approval of the revised design of the cineplex and the parking structure. Vice Mayor Gilmore seconded the motion, which carried by the following voice vote: Ayes : ouncilmembers Gilmore and Matarrese and Mayor Johnson - 3. Noes Councilmember Daysog - 1. Abstentions : Councilmember deHaan - 1. (05-525) Public Hearing to consider an Appeal of the Planning Board's approval of Use Permits for a) multi-screen theatre, live theatre, and public assembly use in the C-C T district pursuant to AMC Subsection 30-4.22; b) fifty eight (58' ) foot building height Regular Meeting Alameda City Council 5 November 1, 2005 | CityCouncil/2005-11-01.pdf |