The $1 billion effort to redevelop Oakland’s former Army Base into a jobs-generating logistics and warehousing center took a major step forward Tuesday when city leaders and developers signed off on a series of key agreements.
The agreements, which cover nearly 1,700 pages of legal documents, spell out the terms for one of the region’s largest public private partnerships that aims to create several thousand blue-collar jobs for Oakland residents and help the Port of Oakland stay competitive.
The Army abandoned the 366-acre base in 1999, and later divided it between the port and the city. After several proposals fell through, the city opted for Tagami and Prologis’ proposal to transform much of the base into a logistics center managing the flow of cargo at the adjacent port. The center is expected to lure companies throughout the region, reducing truck traffic in Oakland.
