1 Redevelopment Budget Director of Redevelopment Steve Pinkerton Director of Redevelopment Steve Pinkerton

2 Redevelopment* (page 195) * Does not include Strong Neighborhood Initiative funds

3 Redevelopment (page ) (In Thousands)

Debt Service Arena Bond: $2,328,522 $1,272,708 paid from Midtown RDA $ 746,426 paid from West End RDA $ 309,388 paid from Port Industrial RDA Strong Neighborhoods Initiative: $6,181,303 $1,263,080 paid from Midtown RDA $1,702,546 paid from South Stockton RDA $1,457,217 paid from North Stockton RDA $1,758,460 paid from Low/Mod Housing Fund

5 Commercial/Entertainment Stockton Events Center –Sheraton Hotel Downtown Marina –Contractor selected by Summer 2007 –Construction to begin late 2007 or early 2008 Alex G. Spanos Elementary School –Site preparation and construction

6 Office/Retail Development Hotel Stockton – Paragary’s –Construction to begin in Spring 2007 Events Center retail –Lease/purchase option contract –Construction on the first retail pad South Shore Office Development Hotel Stockton – Paragary’s –Construction to begin in Spring 2007 Events Center retail –Lease/purchase option contract –Construction on the first retail pad South Shore Office Development

7 Residential Development Southpointe Housing Project –Aprx. 152 of 1-3 bedroom townhouses & condominium style units –The Grupe Co. may begin construction in late 2007 or early 2008 –Units will range from 1,000-2,000 feet Infill Housing –Develop and implement strategy for Downtown and Midtown Southpointe Housing Project –Aprx. 152 of 1-3 bedroom townhouses & condominium style units –The Grupe Co. may begin construction in late 2007 or early 2008 –Units will range from 1,000-2,000 feet Infill Housing –Develop and implement strategy for Downtown and Midtown

8 Strong Neighborhoods Initiative Airport Way Neighborhood Service Center Phase I by June 2007 Van Buskirk Community Center by June 2007 Construction begins June 2007 on Panella and Stribley Community Centers Security Cameras installed and operational by Summer 2007

9 Central Parking

10 Central Parking (page 198)

11 Parking Management 5% fee increase for monthly parking approved by Board District office relocated to the Coy Garage in March 2007 Assessing automation and equipment upgrades for parking garages, surface lots, and parking meters

12 Parking Objectives 300 parking meters with new digital equipment Pay-by-space parking automation equipment in 3 surface lots Arena garage 24/7 operation with the Sheraton Hotel opening Replace Channel Street parking garage elevator

13 Vision for the Future FY Develop neighborhood renaissance plan and implementation strategy Consider Infill Development Coordinator Continue automation of parking lots, meters Merge West End, Rough & Ready, and Port Industrial Redevelopment Areas

14 Redevelopment Budget