Meanwhile, Clif Bar, the Berkeley energy bar company, pulled out of plans to relocate to the Alameda Landing, a 77-acre former Navy supply center across the estuary from Jack London Square. The firm, with revenues of about $150 million a year, is now shopping for new digs in Oakland, Berkeley, Emeryville and other parts of Alameda.
None of it bodes well for the city of Alameda, which is facing an unexpected $4 million budget shortfall due to declines in property transfer taxes, permit fees and other housing-related revenue sources. Next year, the city expects a shortfall of $5 million to $7 million, said Lisa Goldman, deputy city manager.
Posted at 11:41 AM | Permalink
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