RDA Reso 2007-015 - Laserfiche WebLink

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fourth phase is nearing completion. In addition, the Agency participated, in and completed auxiliary work to improve the intersection at Davis Street and Doolittle Drive. • Agency staff has continued to facilitate the planning process for new or significantly improved, larger I-880 interchanges at Marina Boulevard and Davis Street to ease congestion and stimulate private investment in the project area by taking better advantage of its strategic regional location. With the passage of Proposition 1B, the renewal of the half cent sales tax, and the Kaiser/ICI project coming to the forefront at the former Albertson's distribution site directly adjacent to I-880 at Marina, it is anticipated that this interchange will receive priority in regards to new construction and Agency staff optimistically anticipates reconstruction of the interchange over the next five-to-ten years. • The MacArthur Boulevard Streetscape Master Plan Phase I (Durant to Superior and Dutton to Estudillo) was completed in FY 2006-07. This plan included streetscape enhancements and pedestrian and lighting amenities. Phase II (Superior to Dutton) is currently being designed. The completion of Phase I of the streetscape project stimulated renewed private investment along MacArthur Boulevard, evidenced by the completion of new commercial, residential, and office projects throughout the corridor. • The Agency funded the acquisition of land on the Oakland border for the future construction of Eden Road, which will improve access to bustling Davis Street. The Agency will continue to encourage the development of adjacent properties with value- added industrial and commercial uses. Additional capital improvement projects in the WSLPA which are identified as priorities and are intended to be implemented in pursuit of the capital improvements objective, include. • The reconstruction and/or significant repair of aging infrastructure such as streets, curbs and sidewalks, and the undergrounding of utilities along major arterials and other major corridors in the WSLPA. Although the WSLPA is a relatively new project area and it declines tax increment from 17 large parcels within it (because of an agreement with Alameda County following plan formation), the tax increment increased at surprisingly rapid pace over that which was projected. It is anticipated that many of the same dynamic factors (i.e. private investment, the turnover of private property, additional public infrastructure improvements), will continue throughout the next several years and, therefore, perpetuate a sustainable environment for future economic growth. In this, available tax increment is projected to grow steadily in the next two fiscal years (see table 7a), allowing business assistance projects, in addition to the major streetscape projects, to be funded. Mid-Term Review Page 13