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8. Will the City be offering incentives to promote redevelopment of the JDEDZ? <br /> A portion of the new City revenues projected to be generated by new business activities within the <br /> JDEDZ may be used to fund traffic improvements along Johnson Drive,Stoneridge Drive,and 1-680. <br /> The City currently estimates that these improvements may total$15-$16 Million. Combining funds <br /> to be provided by the JDEDZ developer, potentially State or Federal transportation funds, and City <br /> traffic impact fee contributions or waivers or deferrals,would allow these traffic improvements to <br /> be built. <br /> The financial responsibility for these improvements will be identified in the Development <br /> Agreement(DA),an agreement between a property owner and/or applicant and the City that <br /> specifies future investments to be made by the applicant in exchange for a legally-binding right to <br /> develop a project. Because some of the freeway-related improvements require Caltrans(State) <br /> approval,the City will work closely with Caltrans to ensure the improvements are adequately <br /> designed and progress expeditiously through the approval process. <br /> 9. What are some potential benefits of the JDEDZ? <br /> The JDEDZ would allow for a rebirth of this highly visible and underutilized area,which could have <br /> positive effects on the City's tax base.The Fiscal Impact Analysis prepared for the project(included <br /> in Appendix C of the Draft Supplemental Environmental Impact Report [DSEIR] is available here <br /> http://www.citvofpleasantonca.gov/JDEDZSEIRSept2015 and indicates that existing development in <br /> the JDEDZ site provides minimal net fiscal benefit to the City($84,800 annually)due to old buildings, <br /> vacant land, and uses that do not generate high levels of tax revenue. In addition, developing the <br /> site in accordance with existing land use rules would also generate minimal net fiscal benefit to the <br /> City($338,500 annually), chiefly because these rules do not allow for high-revenue-generating uses. <br /> The Fiscal Impact Analysis indicates that full redevelopment of the proposed JDEDZ would generate <br /> approximately$1.7 million to$2.6 million annually. Other potential benefits of the JDEDZ could <br /> include additional shopping opportunities and hotel rooms that will allow residents and visitors to <br /> spend locally and stay in the Pleasanton. In addition,the JDEDZ is expected to generate new jobs, <br /> which would likely increase local economic activity. <br /> A Fiscal Impact Analysis was proposed that analyzes the effects of the JDEDZ on City revenues and <br /> costs (see Appendix C of the DSEIR). Staff is currently undertaking an expanded study of the <br /> project's economic effects from a wider range of retail and commercial uses,which will be released <br /> to the public when it is available. The study will look broadly at impacts on local businesses and <br /> overall costs/benefits of the project to the community. This section of the FAQ will be updated <br /> when the Response to Comments and Final Supplemental Environmental Impact Report are <br /> published. <br /> 10. What are some of the potential impacts of the JDEDZ? <br /> The City analyzed the potential environmental effects of the JDEDZ in the DSEIR which was <br /> published in July 2015 and for which the public comment period was extended beyond the required <br /> 45 days to 67 days. Comments are now being accepted until November 23, 2015. The DSEIR, <br /> 4 <br />