Pt. Molate Development

[Lenny Siegel <lsiegel@cpeo.org>]

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Point Molate project pending

By Rebecca Rosen Lum
CONTRA COSTA TIMES (CA)
July 30, 2004

In a month, Richmond officials expect to sell Point Molate to a
developer who plans a high-end hotel/casino complex on the picturesque
former winery and naval fuel depot, City Hall and developer sources said.

Upstream Development, LLC, in partnership with a Las Vegas investor and
a federally recognized Indian tribe, is drawing up designs for a $700
million "upscale resort destination," including a 1,100-room hotel, a
performance venue for major music acts, 15 restaurants and a tony mall,
said Upstream principal Jim Levine.

Neither Levine nor city officials would disclose the terms of a sale,
which are being negotiated, nor the tribe involved.

Once a Navy fuel depot that gassed up the entire Pacific Fleet during
World War II, the stunning waterfront parcel pocked with military waste
is now home to egrets, blue heron and monarch butterflies that roost in
eucalyptus trees. A 464-foot ridge top offers spectacular views of the
Bay and the rippled blue profile of three counties beyond.

...

The development group has won favor with environmental groups by
agreeing to complete the section of Bay Trail that runs through the land
and restore a 150-acre open space preserve.

Upstream plans to widen the two-lane road leading to Point Molate from
near the eastern end of the Richmond-San Rafael Bridge and take
responsibility for cleaning up environmental contamination left from its
days as a U.S. Navy fuel depot.

...

for the entire article, see
http://www.contracostatimes.com/mld/cctimes/news/transportation/9281015.htm?1c

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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