Presenting the developer with a "shovel ready" project is what Pacifica is doing with the Beach Boulevard project. Seems like a great idea!
San Francisco Chronicle/Matthai Kuruvila, 4/11/13. "Brown unveils Oakland waterfront deal."
A China-based investor has agreed to help pay for a $1.5 billion development in Oakland to transform 65 acres of industrial waterfront adjacent to Jack London Square to a district of shops, parkland and homes featuring high-rises that will reshape the city's skyline.
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| Oakland Estuary, harbor side, area called Brooklyn Basin |
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| Brooklyn Basin land side, near Jack London Square |
The project, described by city officials as "shovel ready," already has city approval and a certified environmental impact report, and groundbreaking is expected next year. Plans began 12 years ago when Brown was Oakland's mayor, but stalled because of lack of financing.
Brown credited Oakland Mayor Jean Quan as being "instrumental" in connecting the China-based investor, Zarsion Holding Group, with the Oakland-based developer of the property, Signature Development Group. Read article. Note: Photographic renderings from the article (right from Oakland Harbor Partners, left from Signature Development Group).
Related - Governor Jerry Brown in China - Huffington Post/San Francisco, 4/10/13, ".. He also signed symbolic agreements on boosting trade between California and China and helping the world's most populous nation improve its air quality, " Videos: Signing the agreement in Beijing, Reuters video, 33 seconds. Riding the bullet train from Beijing to Shanghai, Los Angeles Times 4/11/13, video, 59 seconds. At a party in Shanghai, Sacramento Bee 4/12/13 video, 45 seconds.
Posted by Kathy Meeh
12 comments:
Don't hold your breath China pulled out of financing the Lennar projects in the city.
That was in San Francisco, and a different financing company from China.
Yeah so the Chinese are transforming 65 acres of Oakland waterfront. Big deal! The Martians are going to transform the OWWTP on Beach Blvd. and they aren't using shovels. You just wait and see!
"Australia’s announcement that it is abandoning the U.S. dollar for trade with China is the latest broadside in the global currency war. Starting April 10, Australia and China will no longer use the U.S. dollar for trade between the two nations. For the first time, Australian businesses will be able to conduct trade in Chinese yuan. No more need for U.S. dollar intermediation"https://www.thetrumpet.com/article/10520.19.0.0/economy/australia-to-abandon-the-us-dollar
Duh, 8:52 AM,, here's the translation to that statement:
"The Australian dollar is set to become only the third currency to trade directly with the Chinese yuan -- a move that will help internationalize China's currency and smooth transactions between the major trading partners." CNN Money, 4/8/13. Got it now? Its a good thing.
Golly! Maybe our City Council will plan a junket to China to inquire if any of the noveau-rich will invest in our little town. Hell, maybe they'll just buy the whole town and we can all retire with suitcases full of cash!
Just like the casino trip?
Or the great america trip.
Since they came back from the casino trip, I guess they didn't win. And, since they came back, neither did we. They should get the travel and nutty expenses out of the way now while all the apologists and rationalizers are on duty.
Kathy
Does Linda Mar Safeway and Denny's take the Yuan yet?
Chinese lenders are not the easiest to deal with. Plus they always want a piece of the equity pie. Plus they are known to change rate and terms at the very end.
haha well the Chinese sure didn't event those business habits
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