Letters for January 13
Readers sound off on our best albums of the decade, the local music industry, and coffee's third wave.
Page 3 of 3
The major omissions in Measure B result in its unrealistic financial projections. Independent analysis by City Staff indicates the cost estimates for the eight public benefit projects are grossly understated: the cost is likely $375 million not the $200 million stated in the Measure. Where will the shortfall come from?
Furthermore, the cost of the public benefit projects including roads, ferry terminal, transit and offsite roadway improvements plus library etc. in Measure B is CAPPED at $200 million, and that's 2009 dollars, with no consideration of inflation. Because Measure B allows the developer to build the projects until the year 2025 or even later, the purchasing power of that $200 million will decline over the next fifteen years to an estimated $138 million.
There is simply too much we don't know about Measure B for voters to make an educated decision. It would be foolhardy to approve a vast, multimillion-dollar development with the potential to greatly impact the traffic and quality of life on Alameda Island without knowing its design is sound and its cost projections realistic. Alamedans should vote no" on Measure B.
Eugenie Thomson is a former board member of the State of California's Board of Professional Engineers and Land Surveyors.
Eugenie P. Thomson, Alameda
Contact the author of this piece, send a letter to the editor, like us on Facebook, or follow us on Twitter.
Latest in Letters & Guest Essays
