Good news for those of us that sail in Clipper Cove...
Best regards,
Al
asargent at stanfordalumni.org | +1 650 269 2176
---------- Forwarded message ----------
From: Save Clipper Cove <huntercutting at gmail.com>
Date: Sun, May 15, 2016 at 2:08 PM
Subject: A Victory (!) - Commissioners refuse to endorse mega-marina loan
To: Al Sargent <asargent at stanfordalumni.org>
<http://saveclippercove.nationbuilder.com/?e=5eb48d522cae981610c5130a028602da&utm_source=saveclippercove&utm_medium=email&utm_campaign=dbwvictory&n=1>Save
Clipper Cove
Al --
A victory!!
This last week State Commissioners refused to approve a $22 million public
loan for construction of a private mega-marina in Clipper Cove at Treasure
Island.
Deadlocked by a 2-2 vote on Wednesday, Commissioners for the California
Division of Boating and Waterways (DBW) declined to endorse a DBW staff
proposal to conditionally fund just $4.2 million of the proposed $22
million loan. The loan application had been submitted by Treasure Island
Enterprises, the consortium of real estate speculators seeking to build the
mega-marina. And the loan application had been endorsed by the Treasure
Island Development Authority Board led by Board Chair Vivian Fei Tsen.
The champions on the DBW Commission who stood up for public use at Clipper
Cove were Katherine Pettibone and Cecily Harris. Pettibone and Harris
deserve applause for standing tough in the face of heavy pressure by
developers.
The DBW staff report noted "financial inconsistencies" in the loan
application as well as “issues” regarding “public support” and
“permitting.” Numerous public interest groups spoke at the Commission
meeting prior to the vote, urging Commissioners to postpone consideration
of the loan. Groups urging postponement of loan approval included the
Sierra Club, the U.S. Sailing Association, and the Treasure Island Sailing
Center.
The DBW staff report recommended approval of just $4.2 million in order to
encumber current year funding provided in the State’s fiscal year budget.
The staff also recommended that disbursement of the loan be withheld until
all financial inconsistencies were “resolved” and “all outstanding issues
described in this report have been addressed.”
Nevertheless, the DBW Commission refused to endorse even a partial loan
with conditional terms recommended by the DBW staff report.
Action on the loan application now shifts to DBW Deputy Director Lynn
Sadler to take a final decision later this spring.
In the meantime, the campaign to save Clipper Cove will return to the board
members of the Treasure Island Development Authority (TIDA) and urge them
to reconsider the proposed mega-marina. The clear rejection by state DBW
commissioners who refused to endorse even conditional financing should be a
wake-up call for TIDA Board Chair Tsen and her fellow board members. This
proposed marina project is off-track. The TIDA Board needs to step up and
rein the marina project back in.
Save Clipper Cove
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