Posted Aug 27, 2008, 8:08 PM
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Skyriser
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Join Date: Dec 2004
Location: Newark, California
Posts: 7,203
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You can't propose a rezoning of properties you don't own. If the City hasn't signed off on all the workings of the deal, then that's why the garages, etc aren't included here. I'm sure after this is rezoned a separate development agreement will end up between the City and the JSED partners that will end up with tax rebates, etc as well as disposition of the garages.
By then, the residential financing might exist for those wraps because the plan looks to be significantly missing the residential component. A financing issue in and of itself might also be why residential is missing from this plan.
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