Mission Statement of The North Embarcadero Waterfront (NEW) Futures CommitteeThe North Embarcadero Waterfront (NEW) Futures Committee will lead a
community-driven process to identify and evaluate alternatives for the power
plant site. Our Mission will be to create and document a vision that
identifies and integrates the diverse perspectives and requirements of our
community. 2. New Power Plant – LS could take the decision to demolish the existing plant and build a new and efficient plant on the site. It is doubtful if LS has made a decision on the future of this plant as yet. A new plant would likely be built at the location of the existing tank farm. The opportunity here is that the property where the existing plant resides could become available. 3. Plant Closure – This is considered the best scenario for the City. The entire property could become available. The cost of clearing the land would have to be factored into the overall value of the property. With the plant out of operation, there would also be a possibility that adjacent property owned by PG&E could become available (all or in part).
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The North Embarcadero Waterfront (NEW) Futures Committee will lead a
community-driven process to identify and evaluate alternatives for the power
plant site. Our Mission will be to create and document a vision that
identifies and integrates the diverse perspectives and requirements of our
community.
Working Groups
1. Short Term Finance - Identify sources and secure seed money to fund
the activities of the Committee. Funds will be used for general operating
functions of the Committee such as transportation and supplies. Funds
could also be allocated to consultants or other professional assistance to help
the Committee in developing a preliminary plan. This is likely grant
money.
2. Existing Site Research – This working group will deal with the site
itself. How big is the site? How much is usable (excluding the
creek, Native American sacred grounds, etc.)? It will inventory and
evaluate the architectural value and functionality of the buildings on the site.
The Working Group will identify lot lines, zoning, etc. of the plant site and
adjoining properties including the switchyard and city-owned property.
3. Community Communications – Obtain and document input from public and
private sources including individuals, business groups, private organizations,
local and regional government, regional industry and other stakeholders.
This Working Group will be responsible to communicate actions, progress and
information to all interested parties and for the preparation and distribution
of press releases.
4. Local, State and Federal Regulators and Other Interested Parties –
Identify relevant regulatory entities, document their interests and concerns,
determine their jurisdiction and regulatory power.
Three Possibilities
1. No Change - Under this scenario the plant continues to operate only
during peak demand. This is the least likely possibility as the plant
would be operating at minimal profitably. However, this would still
generate a significant opportunity for the City as the tank farm area which is
currently not being used could become available.
2. New Power Plant – LS could take the decision to demolish the existing plant and build a new and efficient plant on the site. It is doubtful if LS has made a decision on the future of this plant as yet. A new plant would likely be built at the location of the existing tank farm. The opportunity here is that the property where the existing plant resides could become available.
3. Plant Closure – This is considered the best scenario for the City. The entire property could become available. The cost of clearing the land would have to be factored into the overall value of the property. With the plant out of operation, there would also be a possibility that adjacent property owned by PG&E could become available (all or in part).