However, the runway funds are the ones that are problematic. The grant, in that amount, was accepted from the Federal Aviation Administration, along with other airport grants totaling $39 million, pending board approval next week.
Members of the board's Finance Committee are concerned with which contractor would carry out the review of preliminary environmental engineering for the runway project, and what the consultant's budget, hourly rate and schedule will be. Airport officials say that these concerns are routine and will not slow down the overall project.
Groups such as San Francisco BayKeeper, the Alliance for a Clean Waterfront and the Sierra Club are protesting against the runway, saying that filling hundreds of acres of the San Francisco Bay is a threat to the ecosystem.
They contend the runway project may damage the wetlands along the Bay's edge. In addition, the groups say that the runways could release massive quantities of sediment and toxic contanimants throughout the Bay, as well as create additional noise and regional air quality problems.
Without a complete environmental study, the project cannot continue.
At an Airport Commission meeting this week, authorization was given to the airport to negotiate with Wildlands Inc., a company in Sacramento on an agreement that opens the way to buy environmental mitigation credits on the 1,000-acre Skaggs Island property north of San Pablo Bay, if the runway is approved.
The proposed deal is estimated to cost nearly $9 million over 5 years and requires a vote by commissioner to complete.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.