Howard Terminal Replace: Oakland Metropolis Council is contemplating a substitute for EIFD however utilizing TIF
Oakland News Now – Howard Terminal Update: Oakland City Council is looking for an alternative to EIFD but is using TIF – Vlog from Zennie62 YouTube
Howard Terminal Update: Oakland City Council is considering an alternative to EIFD but using TIF
In this livestream vlog on the Howard Terminal Update, I, the CEO of Zennie Abraham Zennie62Media Inc., share the news that Oakland City Council is considering alternatives to the current proposal to use Enhanced Infrastructure Financing Districts for a tax subsidy Financed the public / private partnership development of the Oakland Athletics Howard Terminal Ballpark District.
The one option that Oakland City Council is throwing behind the scenes is through the Community Revitalization and Investment Authority (CRIA) Act process. To put it simply, it means a sort of new version of the redevelopment process that the City of Oakland used before California’s 2011 Redevelopment Act was abolished by California Governor Jerry Brown. That means the following.
1) Oakland City Council votes to create a separate organization to make up the redevelopment plan and is represented by three members of the city council or board of directors and two public members who live or work in the community revitalization and investment area. Or a CRIA created by an agreement on joint powers: the majority of members from the legislative bodies of the authorities that created the authority and at least two public members who live or work in the project area. I think a CRIA between the City of Oakland and the Port of Oakland is the next logical step.
2) The new agency would draw up a redevelopment plan and include project areas such as West Oakland, Howard Terminal / Jack London Square, Chinatown, Fruitvale and East Oakland. Because the CRIA Act requires a city to have census areas that are below the regional average for income performance and have substandard real estate, Oakland has a number of lowland areas that meet that bill.
3) CRIA calls for the use of tax increases on affordable housing and should encourage this in a way that districts to fund improved infrastructure are not.
This is the basic version of the more complicated but useful guidelines for establishing a community revitalization and investment agency.
There is also the possibility that bonds of private activities could be used with the tax increase funding approach in the CRIA. In this way, the bond default backstop is placed on Oakland Athletics, as was requested from the start.
The problem with the way the City of Oakland handled the process is that it is not clear whether or not they will set up a separate agency to issue bonds, nor has it set a timetable for it.
Finally, more in the livestream talk. Stay on this channel for the live stream of the Oakland City Council Howard Terminal Meeting on Tuesday, July 20 at 9:00 a.m. PST / 12 noon EST.
Note from Zennie62Media’s Zennie62Media YouTube blog and the Oakland News Now Today SF Bay Area blog: This video blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media, Inc. network for video blogging -Mobile Media Systems, which launched in June 2018, is an integral part of Zennie62Media, Inc.’s new and innovative approach to news media production. What we call “the third wave of the media”. The uploaded video is from a vlogger with the Zennie62 on YouTube partner channel, is then uploaded to the Oakland News Now site and Zennie62’s own social media pages and is automatically formatted. The overriding goal is smartphone-based reporting in real time on site about news, interviews, observations and events all over the world and within seconds, not hours. Now it is reported with a smartphone: No heavy and expensive cameras or even a laptop are necessary. The secondary goal is faster and very inexpensive production and distribution of media content. We found that there is a discrepancy between mail length and time to product and revenue generated. This means that the problem is much smaller, but by no means solved. Zennie62Media is constantly working to improve the system’s network coding and is looking for interested content and media technology partners.
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