So no one bit yesterday about the magic disappearance of the Charles Company from the City Council’s April 1 agenda. I couldn’t find the old reference until I visited the City website yesterday.
Here was the Closed Session agenda item:
And then via an agenda update late last week, the agenda item had been withdrawn:
I wonder if this is just another standard delay or if it actually means something significant as to Charles Co.’s viability at Alameda Point.
Anyway, on Alameda Point related stuff, a bunch of leases will be excited via the consent calendar — the first readings were at the last City Council meeting — and there is another long term lease on the agenda for Alameda Point. This is really good news given that the message from previous administrations were to excite short leases so that it wouldn’t inhibit a Master Developer from doing what they want to do. This new lease with an existing tenant has the potential to span over 12 years (initial seven year lease with a five year option) which hopefully will allow the business to expand and put some money into capital improvements given the longer lease.