The Port of Oakland and a team led by Phil Tagami have failed to negotiate a development contract to rebuild half of the former Army Base, putting in doubt the developer’s dream to control all aspects of the transformation of the former World War II-era terminal.
Since July 2009, the Port has been negotiating exclusively with a team composed of AMB Property Corp., an international heavyweight known locally for its development of Pier 1 in San Francisco, and Oakland-based California Capital Group, of which Tagami is managing partner, to develop 168 acres of the former base land for maritime uses.