[CPEO-MEF] Pt. Molate (former Navy fuel depot)

[Lenny Siegel <lsiegel@cpeo.org>]

Council Ponders Chevron's Pt. Molate Offer

Berkeley Daily Planet (CA)
By RICHARD BRENNEMAN
October 1, 2004

Richmond City Council members tabled Tuesday night's planned vote on a
casino complex development pact for Point Molate after ChevronTexaco
offered a lucrative last-minute alternative.

The oil company is offering a total of $80 million: $55 million payable
on execution of a deed to the city-owned property at Point Molate and
Point San Pablo and a million dollars a year for 25 years.

The annual payments would be earmarked for development and maintenance
of public improvements on the site.

"We have provided the city with both a serious and a generous offer,"
said Dean O'Hair, spokesperson for the oil company's Richmond refinery,
situated just across the ridgeline from the Molate site. 

The only reason the oil company was able to make the offer Tuesday was
because the exclusive negotiations pact signed by the city with Berkeley
developer James D. Levine's Upstream Point Molate LLC, which proposed
building a casino on the site, had expired at midnight Monday.

...

for the entire article, see
http://www.berkeleydaily.org/text/article.cfm?issue=10-01-04&storyID=19750

-- 


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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