Alameda Point

Alameda Point’s Monarch Street is a growing attraction for lovers of wine and fine spirits. And this spring, craft beer fans will have a home there, too.

The City Council on Tuesday okayed a lease that will allow the brand-new Faction Brewing Company to occupy half of a former hangar next door to St. George Spirits. In addition to the production brewery, which will be run by Drake’s and Triple Rock Brewery alum Rodger Davis and his wife, Claudia, the facilities include a taproom and store.

“Alameda had always been a dream of ours. We didn’t think it would be a reality,” Claudia Davis said after the quick 5-0 vote. “We’re just really, really excited.”

Alameda Point’s Monarch Street is a growing attraction for lovers of wine and fine spirits. And this spring, craft beer fans will have a home there, too.

The City Council on Tuesday okayed a lease that will allow the brand-new Faction Brewing Company to occupy half of a former hangar next door to St. George Spirits. In addition to the production brewery, which will be run by Drake’s and Triple Rock Brewery alum Rodger Davis and his wife, Claudia, the facilities include a taproom and store.

“Alameda had always been a dream of ours. We didn’t think it would be a reality,” Claudia Davis said after the quick 5-0 vote. “We’re just really, really excited.”

America’s Cup challenger Artemis Racing got the Planning Board’s okay Monday night to build floating docks in Seaplane Lagoon and to plant a crane capable of reaching 160 feet on an adjacent taxiway.

The team is slated to call Alameda Point’s Hangar 12 home through March 31, 2013 – longer if America’s Cup organizers don’t require them to move to San Francisco in advance of the summer 2013 Cup races – and will need to make the changes before moving in.

America’s Cup challenger Artemis Racing got the Planning Board’s okay Monday night to build floating docks in Seaplane Lagoon and to plant a crane capable of reaching 160 feet on an adjacent taxiway.

The team is slated to call Alameda Point’s Hangar 12 home through March 31, 2013 – longer if America’s Cup organizers don’t require them to move to San Francisco in advance of the summer 2013 Cup races – and will need to make the changes before moving in.

The City Council on Wednesday unanimously approved a stripped-down strategy for readying Alameda Point for new development that’s focused on preparing for potential commercial development there, though some council members and longtime Point development supporters said they preferred a more robust plan that included planning that would also ease the way for housing.

“I think this is an approach that moves us in the right direction,” City Councilwoman Lena Tam said.

The City Council on Wednesday unanimously approved a stripped-down strategy for readying Alameda Point for new development that’s focused on preparing for potential commercial development there, though some council members and longtime Point development supporters said they preferred a more robust plan that included planning that would also ease the way for housing.

“I think this is an approach that moves us in the right direction,” City Councilwoman Lena Tam said.

Leaders of Alameda’s marine and merchant communities said Wednesday they are overjoyed with the news that America’s Cup challenger of record Artemis Racing is planting its flag here on the Island.

“It’s a once-in-a-lifetime opportunity for Alameda,” said Encinal Yacht Club Commodore Victor Early.

State finance officials are questioning nearly $370 million in payments city officials say they owe on their former redevelopment projects, more than a third of the amount they say their remaining redevelopment obligations will cost.

Most of the payments the state is seeking to disallow, about $303 million, are for future infrastructure and affordable housing at Alameda Point and in other former redevelopment areas on the Island. Finance officials are also questioning another $47 million the city says is due to the Alameda Unified School District for housing and capital projects.

A deeply divided Alameda City Council may end up walking away from the city’s latest proposal to prepare Alameda Point for development, with some council members saying they think the city should focus on existing tenants and forget about moving forward with new development plans for a few years. The development strategy has been in the works since the council fired former master developer SunCal in July 2010.

The city’s commitment to proceed with a less-intensive development plan than the one proposed by former Alameda Point developer SunCal could face a major hurdle: The amount of development now being contemplated for the former Naval Air Station may not pencil out financially.

A financial feasibility analysis conducted for the city by Keyser Marston Associates shows that the amount of money the city could raise in land sales and public funding doesn’t even come close to the amount they would need to pay for roads, water pipes and other infrastructure that needs to be built to support development at the defunct base.

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