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Opportunity AcquisitionsBack to Current Projects Waterfront Industrial Lots - Calle Cesar Chavez In April 2001, the Redevelopment Agency acquired four adjoining parcels in the waterfront area, which were offered to the Agency by the Spumoni Holding Company. The 2.4 acres were purchased at a cost of $2,875,000, which was paid for with a portion of the Agency's Series 2001A bond proceeds. Meanwhile, a comprehensive planning effort is now underway to determine the ultimate use of the property. Some of the uses suggested to date include the development of a community arts center - housing performing arts rehearsal space and art workspace, remote parking for the Cacique Street homeless shelter, an Urban Ecology Center and recycling facility, and the extension of Cacique Street |

| Lot 6 - Parking Lot Annex As part of the Agency's effort to contribute to cultural activities in the Agency's Project Area, the Agency is considering the acquisition of 9 small parcels with access to the 1200 Block of State Street. A proposal has been brought forward by one of the parcel owners to develop a theater for the Ensemble Theater group with access from State Street. In June, the Agency engaged Reeder, Gilman and Associates for appraisal services regarding the surplus properties surrounding City Parking Lot 6 currently being leased by the City for extra parking spaces. The appraisals are the first step in the negotiations by the Agency to acquire the parcels. The Agency has appropriated $700,000 to assist in the development of these properties | .
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