Prologis CCIG Oakland Global LLC the development team for the Oakland Army Base lead by Phil Tagami was dealt two serious blows during the last week. The first blow was the decision made by the Oakland Port Commissioners to terminate the Exclusive Negotiation Agreement (ENA) on Port side of the Oakland Army Base. Additionally, Anthony Foxx the head of the Federal Government Department of Transportation announced the Grant awards for 2014 from the Department of Transportation. The City of Oakland's grant application failed in this round to receive critical funding that was going to be used for the rail operation/Wharf on the Oakland Army Base Project.
The decision to terminate Tagami's ENA on the Port side of the Oakland Army Base largely is due to the fact that Prologis CCIG Oakland Global LLC has failed to provide the necessary private financing, The Port Commissioners felt it would be fiscally irresponsible to provide public financing beyond the limited scope required under the Economic Development Conveyance application which conveyed the former Oakland Army Base to the City and Port.
This document clearly establishes what the private investment dollars needed, for a successfully completion of the project which Tagami's team as failed to comply.
The Department of Transportation awarded 72 grants out of 797 applications in 46 states, Six of the grantees were in California.
The failure of Oakland to receive a grant award in this round, is a serious blow to the Oakland Army Base development for the rail operation on the Base.
This underscores a more critical need for private financing dollars from Tagami's team Prologis CCIG Oakland Global LLC.
The City however, continues to underwrite/subsidize Tagami's team.
The future of the Oakland Army Base Development Project is in dire difficulty if private financing is not brought into the project..
WATCHDOG INVESTIGATING KAPLAN
In a sudden reversal, the State Fair Political Practices Commission has decided to investigate allegations that Oakland Councilwoman and mayoral candidate Rebecca Kaplan violated state election law through her use of a campaign fund to support countywide ballot measures.
The complaints, filed by Oakland resident Gene Hazzard and mayoral candidate Dan Siegel, came after this newspaper reported that one of Kaplan's 2010 mayoral campaign workers was paid through the ballot measure fund, even though he claims not to have worked on the measure.
The state watchdog initially found that the complaints didn't show any violation of state election law but reversed itself last week after obtaining information from Oakland's Public Ethics Commission. Both agencies said they couldn't disclose the information provided because it was connected to an ongoing investigation.
Kaplan's spokesman, Jason Overman, replied that she did nothing wrong. "This is just dirty, desperate mudslinging from our opponents," he wrote in a prepared statement.