List of proposed features:
- New park at Fleming Point and new Shoreline Park, with restored
beaches and public restrooms, for a total of 17 continuous acres of
- Buildings nearest the shore are one-storey only and 300 ft from
- Buildings to qualify for Leadership in Energy and Environmental
Design (LEED) certification
- Bay Trail connection
- Restored fishing pier, with kayak access
- Restored, and expanded, wetlands north of the race track
- Safe, level access to the waterfront for the young and
- Shuttle to Solano Avenue (and perhaps El Cerrito BART)
- New YMCA facility (subject to YMCA approval)
- Open-air public meeting space and amphitheater
- Reduced size of race-track grandstand (1/3 to ¼ smaller)
- Approximately 150 residential units (lofts and 1-bedroom)
- Upscale shopping and dining opportunities
- Movie theater with stadium seating
- Restaurants and coffee shops with Bay view, protected from the
- Glassed-in farmers’ market with Bay view
Caruso proposal (July ’06) addresses these AWC goals:
|1. Reclaim the Waterfront for all residents, including
the young and the elderly. This must include a fully accessible
and well-maintained expanse of park land along the
|2. Complete the Bay
|3. Preserve and protect the wetlands as a valuable
|4. Encourage thoughtful development of under-utilized
portions of the Golden Gate Fields property that will:
|| || |
|4A. Provide an inviting and pedestrian-friendly
|4B. Protect Solano Avenue. Any retail development
must provide unique shopping opportunities that will complement --
not compete with -- Solano Avenue businesses.||Unclear
|4C. Preserve current tax revenues for the City and
Schools. Any plan MUST preserve the present level of funding for
the City and Albany schools, without
|4D. Increase tax revenues for the City and
Schools.Our basic city infrastructure is deteriorating, due to
insufficient funding. There are numerous unfunded projects. In the
face of increasing State and Federal requirements, our schools are
struggling to restore lost
|4E. Not rely on state funding. Any realistic plan
must be self-funding. State and regional agencies indicate that they
have no funds for new park projects.||
|4F. Conform to sustainable design principles, as set
forth in the LEED program of the US Green Building
|4G. Recognize the probability that the racetrack will
stay in Albany, as the owners repeatedly
|4H. Not require new local taxes on Albany property
owners and residents.||Yes||10|
|4I. Not include casino gambling. No casino, racino,
card room, or other expansion of
1. Reclaim the waterfront for all residents; complete the
Bay Trail: Yes. The plan provides 17 acres of groomed,
irrigated, and maintained lawns and shrubs, plus a public restroom.
The Bay Trail travels the length of the park.
2. Preserve the wetlands: Yes. The plan
restores and maintains the wetlands, adding approximately 1
additional acre in the process.
3. Provide a pedestrian-friendly atmosphere:
Yes. Paved and tiled walkways, seating areas, trees,
amphitheater with funicular, cafes, manicured lawns, no cars or
other traffic, good lighting, shelter from the wind, and so on, will
encourage pedestrian strolling and provide an inviting atmosphere
for all ages. This is a feature of all Caruso developments.
4. Protect Solano Avenue: Unclear. The
high-end retail businesses and restaurants planned for the
development will not compete with most businesses and services on
Solano Avenue, such as the budget restaurants, nail salons, medical
services, realtors, and apartment buildings. The few higher-price
restaurants, plus the Albany Twin movie theater, might have more
competition. However, the proposed shuttle to and from Solano
Avenue from the development may bring more foot traffic to Solano
Avenue; so the actual effect is unclear. Note that the developer
proposes a cross-marketing plan to jointly promote both the
development and Solano Avenue.
5. Preserve current tax revenues: Yes.
The development does not impact the activities of the race track.
Therefore, the revenue stream from the racetrack will be
6. Increase tax revenues: Yes. We will
see increased tax revenues to the City of approximately $2 million
per year from the development. (Assumed gross of $500 / s.f. of
gross leasable area [GLA] per year, appropriate for high-end
retail. At a GLA of 425,000 s.f., and sales tax to the City of 1%
of gross sales, the resulting revenue to the City from sales tax
alone would be approximately $2,125,000 per year.)
7. Not rely on State funding: Yes. All
development, including the parks, wetlands, beaches, and so on, will
be financed by the developer. There is no requirement for State
8. Conform to sustainable design principles:
Yes. The plan calls for any new development to conform to
Leadership in Energy and Environmental Design (LEED) certification.
Caruso Affiliated has LEED-certified designers on staff.
9. Recognize the probability that the racetrack will
stay in Albany: Yes. The development assumes that the
racetrack will stay, and it provides greater sightlines and access
to the track from the development.
10. Not require new local taxes: Yes.
The estimated increased tax revenues from the development should
reduce the need for the City to propose any more tax increases on
residents to fund the recently-approved Five-Year Capital
Improvement Plan (CIP) or any other improvements.
The park will be maintained by the developer at no charge to the
City. They will also provide their own security services. The
developers will remain on-site – as is their custom - as managers of
11. Not include casino gambling: Yes.
The Caruso proposal does not include gambling. Casino gambling is
forbidden under the Constitution of the State of California.