downtown oakland
Downtown Oakland circa 1910

Redevelopment review

November 30, 2007

Next Tuesday, the City Council will hear a report (PDF) on the progress of most of the city’s redevelopment areas. Here are some highlights from the downtown report (which is the Central District), on the last three fiscal years:

  • The UCOP’s parking garage cost the RDA $3.9m, and gross revenue fell 13% despite the removal of downtown parking for new development. The city expects the garage to operate without public subsidy in the future.
  • All downtown residential projects that had public subsidy included affordable units.
  • The DTO’s Façade Improvement Program is winding down, a victim of its own success.
  • A very small amount of discretionary money to aid commercial ventures was distributed to the At-large and District 2 councilmembers.
  • A new program is a $3m fund for site acquisition for redevelopment of small sites in “targeted areas.”
  • Lincoln Recreation Center and the adjoining park are being upgraded. There are no other park projects downtown, aside from Measure DD, which is not a redevelopment project.
  • $29.7m was generated from the housing set-aside in the last three years alone.
  • The state forced us to give up $9.1m to the schools and other agencies, to balance their budget.
  • Of $66.5m spent on projects, $51.9m (78%) went to the Uptown district, primarily to Forest City and the Fox Theater.
  • The Central District map is downtown up to 27th Street (including 48% of the area slated for retail redevelopment), the Jack London Square area above Embarcadero, and some very suspicious holes carved out around the Kaiser Center and Lake Merritt BART station.

1 comment

1 Redevelopment Review « FutureOakland { 11.30.07 at 6:44 pm }

[...] Downtown (Central District), of course, had the most projects and programs ongoing. $29.7m was set-aside for affordable housing in the last three fiscal years, 568 affordable units were constructed, and $4m was transferred to schools and other agencies (also, the state stole $5.1m to balance the budget). Even though downtown has experienced recent losses of parking spaces, revenue for the city-owned parking garage in the UCOP fell 13%. Of $66.5m spent on projects, $51.9m went to the Uptown district, primarily to Forest City and the Fox Theater. Though the majority of the Tax Increment Funds (TIF) was spent on debt service, there was more than that amount available from bond funds. More stats on downtown at The DTO. [...]