Uncategorized
Chase Center Set to Open in September
The Chase Center will be the new home of the Golden State Warriors when it opens in September 2019.
The center is a first-of-its-kind in San Francisco. It will serve as a world-class sports and entertainment destination, home to a championship basketball team, a tremendous culinary scene, engaging retail, and some of the world’s most innovative companies.
The Warriors privately financed the new center with no money from San Francisco’s general fund, no public land and no new taxes.
The sports and entertainment district will generate more than $14 million each year in new tax revenues to the city. This money will go toward vital services and capital improvements to address the community and neighborhood’s needs.
The Chase Center will have 18,064 seats. It will not only host not Warriors basketball, but also major concerts, cultural events, family shows, and a variety of other attractions.
The district will also feature 580,000 square feet of office space.
The venue will host approximately 200 events per year.
“The opening of the Chase Center signals a sea-change for San Francisco,” said Fred Jordan, Chairman, San Francisco African American Chamber of Commerce. “This new center is the catalyst that will inspire new levels of art, culture, entertainment, and sports.”
A new subway line is under construction that will link the arena and the University of California, San Francisco to downtown hotels, convention centers and subway and commuter rail lines that serve the entire Bay Area.
Uncategorized
Oakland Housing and Community Development Department Awards $80.5 Million to Affordable Housing Developments
Special to The Post
The City of Oakland’s Housing and Community Development Department (Oakland HCD) announced its awardees for the 2024-2025 New Construction of Multifamily Affordable Housing Notice of Funding Availability (New Construction NOFA) today Five permanently affordable housing developments received awards out of 24 applications received by the Department, with award amounts ranging from $7 million to $28 million.
In a statement released on Jan. 16, Oakland’s HCD stated, “Five New Construction Multifamily Affordable Housing Development projects awarded a total of $80.5 million to develop 583 affordable rental homes throughout Oakland. Awardees will leverage the City’s investments to apply for funding from the state and private entities.”
In December, the office of Rebecca Kaplan, interim District 2 City Councilmember, worked with HCD to allocate an additional $10 Million from Measure U to the funding pool. The legislation also readopted various capital improvement projects including street paving and upgrades to public facilities.
The following Oakland affordable housing developments have been awarded in the current round:
Mandela Station Affordable
- 238 Affordable Units including 60 dedicated for Homeless/Special Needs
- Award: $15 million + previously awarded $18 million
- Developer: Mandela Station LP (Pacific West Communities, Inc. and Strategic Urban Development Alliance, LLC)
- City Council District: 3
- Address: 1451 7th St.
Liberation Park Residences
- 118 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $28 million
- Developer: Eden Housing and Black Cultural Zone
- City Council District: 6
- Address: 7101 Foothill Blvd.
34th & San Pablo
- 59 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $7 million
- Developer: 34SP Development LP (EBALDC)
- City Council District: 3
- Address: 3419-3431 San Pablo Ave.
The Eliza
- 96 Affordable Units including 20 dedicated for Homeless/Special Needs
- Award: $20 million
- Developer: Mercy Housing California
- City Council District: 3
- Address: 2125 Telegraph Ave.
3135 San Pablo
- 72 Affordable Units including 36 dedicated for Homeless/Special Needs
- Award: $10.5 million
- Developer: SAHA and St. Mary’s Center
- City Council District: 3
- Address: 3515 San Pablo Ave.
The source of this story is the media reltations office of District 2 City Councilmember Rebecca Kaplan.
Activism
Oakland Housing and Community Development Department Awards $80.5 Million to Affordable Housing Developments
In a statement released on Jan. 16, Oakland’s HCD stated, “Five New Construction Multifamily Affordable Housing Development projects awarded a total of $80.5 million to develop 583 affordable rental homes throughout Oakland. Awardees will leverage the City’s investments to apply for funding from the state and private entities.”
Special to The Post
The City of Oakland’s Housing and Community Development Department (Oakland HCD) announced its awardees for the 2024-2025 New Construction of Multifamily Affordable Housing Notice of Funding Availability (New Construction NOFA) today Five permanently affordable housing developments received awards out of 24 applications received by the Department, with award amounts ranging from $7 million to $28 million.
In a statement released on Jan. 16, Oakland’s HCD stated, “Five New Construction Multifamily Affordable Housing Development projects awarded a total of $80.5 million to develop 583 affordable rental homes throughout Oakland. Awardees will leverage the City’s investments to apply for funding from the state and private entities.”
In December, the office of Rebecca Kaplan, interim District 2 City Councilmember, worked with HCD to allocate an additional $10 Million from Measure U to the funding pool. The legislation also readopted various capital improvement projects including street paving and upgrades to public facilities.
The following Oakland affordable housing developments have been awarded in the current round:
Mandela Station Affordable
- 238 Affordable Units including 60 dedicated for Homeless/Special Needs
- Award: $15 million + previously awarded $18 million
- Developer: Mandela Station LP (Pacific West Communities, Inc. and Strategic Urban Development Alliance, LLC)
- City Council District: 3
- Address: 1451 7th St.
Liberation Park Residences
- 118 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $28 million
- Developer: Eden Housing and Black Cultural Zone
- City Council District: 6
- Address: 7101 Foothill Blvd.
34th & San Pablo
- 59 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $7 million
- Developer: 34SP Development LP (EBALDC)
- City Council District: 3
- Address: 3419-3431 San Pablo Ave.
The Eliza
- 96 Affordable Units, including 20 dedicated for Homeless/Special Needs
- Award: $20 million
- Developer: Mercy Housing California
- City Council District: 3
- Address: 2125 Telegraph Ave.
3135 San Pablo
- 72 Affordable Units including 36 dedicated for Homeless/Special Needs
- Award: $10.5 million
- Developer: SAHA and St. Mary’s Center
- City Council District: 3
- Address: 3515 San Pablo Ave.
The source of this story is media reltations office of District 2 City Councilmember Rebecca Kaplan.
Alameda County
Oakland Acquisition Company’s Acquisition of County’s Interest in Coliseum Property on the Verge of Completion
The Board of Supervisors is committed to closing the deal expeditiously, and County staff have worked tirelessly to move the deal forward on mutually agreeable terms. The parties are down to the final details and, with the cooperation of OAC and Coliseum Way Partners, LLC, the Board will take a public vote at an upcoming meeting to seal this transaction.
Special to The Post
The County of Alameda announced this week that a deal allowing the Oakland Acquisition Company, LLC, (“OAC”) to acquire the County’s 50% undivided interest in the Oakland- Alameda County Coliseum complex is in the final stages of completion.
The Board of Supervisors is committed to closing the deal expeditiously, and County staff have worked tirelessly to move the deal forward on mutually agreeable terms. The parties are down to the final details and, with the cooperation of OAC and Coliseum Way Partners, LLC, the Board will take a public vote at an upcoming meeting to seal this transaction.
Oakland has already finalized a purchase and sale agreement with OAC for its interest in the property. OAC’s acquisition of the County’s property interest will achieve two longstanding goals of the County:
- The Oakland-Alameda Coliseum complex will finally be under the control of a sole owner with capacity to make unilateral decisions regarding the property; and
- The County will be out of the sports and entertainment business, free to focus and rededicate resources to its core safety net
In an October 2024 press release from the City of Oakland, the former Oakland mayor described the sale of its 50% interest in the property as an “historic achievement” stating that the transaction will “continue to pay dividends for generations to come.”
The Board of Supervisors is pleased to facilitate single-entity ownership of this property uniquely centered in a corridor of East Oakland that has amazing potential.
“The County is committed to bringing its negotiations with OAC to a close,” said Board President David Haubert.
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