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City Taps Two for Naval Air Station Project

ALAMEDA, CA-Acting as the city's Reuse and Redevelopment Authority, city council members here vote to give two competitors a chance to work out a joint venture agreement.

By Brian K. Miller | Updated on April 08, 2007

ALAMEDA, CA-Instead of picking a single developer for the Alameda Naval Air Station redevelopment, city council members here are giving two competitors the opportunity to join forces. Acting as the city’s Reuse and Redevelopment Authority, the council members this week voted 3 to 2 to give Catellus Development Group and Lennar Urban four weeks to work out a joint venture agreement.

The Naval Air Station is a badly contaminated chunk of waterfront land for which the Navy wants $108.5 million, $40 million of which would help pay for the environmental cleanup. Prior to the successful vote to give Catellus and Lennar the opportunity to work together–which came after the two companies said they were amiable to the idea–council members failed to reach a majority on three separate votes for a single company.

The decision comes after the original would-be redeveloper–a JV of Shea Homes and Centex Homes and equity partners–walked away from the table, citing a downturn in the housing market. The situation prompted the city to issue a December request for qualifications that restarted the process.

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