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Central Station Tax Increment - BUILD West Oakland
For BUILD West Oakland, an entity related to BRIDGE Housing Corporation, CCG projected tax increment revenue for a proposed 1300-unit, market-rate, multifamily housing development in West Oakland formerly used for a railroad depot and rail support functions. CCG analyzed multiple development scenarios, including the addition of affordability. BUILD used CCG's projections in negotiations with the City of Oakland to successfully secure agreement for use of TI bonds to support historic preservation and adaptive reuse of the dilapidated train station on the site, a historic icon.
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Mission Bay Tax Increment - San Francisco Redevelopment Agency
For the San Francisco Redevelopment Agency, CCG evaluated the impact of a proposed non-taxpaying entity acquiring a site previously designated for commercial and industrial development to build a hospital. This large-scale development project has a program of infrastructure and public benefits financed with combination of redevelopment and special assessment district revenues. CCG developed an independent financial model to evaluate the financial impacts of reducing taxpaying development in terms of the Agency's fiscal objectives, including ability to meet affordable housing development goals. CCG also supported negotiations between the Agency and its negotiations with the entity, which requires Agency approval for the proposed purchase.
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IKEA Project - City of East Palo Alto
CCG assisted the City of East Palo Alto in negotiations for development of a 320,000 SF IKEA store next to other recent successful regional-serving retail development in the City. The assignment included an analysis of the economic and fiscal benefits of this large retail project. CCG also provided the necessary documentation of the transaction, consistent with California Redevelopment law. The assignment also included valuation of the developer's ability to pay, analysis of the land price offer, structuring a negotiation position, and assistance with developer negotiations.
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