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Strategy for a Sustainable Region Priority ... - One Bay Area

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Figure 41<br />

PDA Readiness Criteria Worksheet<br />

PDA name: Benicia Downtown Version: Amended<br />

#<br />

Readiness<br />

Criteria Category<br />

# Sub-Criterion Name Present (2012)<br />

PDA Development Readiness Scoring<br />

2020 2030 2040 Notes<br />

D<br />

1<br />

Market and<br />

Investment<br />

Attractiveness<br />

History of real estate investment in PDA<br />

and surrounding city<br />

0.00 0.00 0.00<br />

2 Recent Local Development Activity<br />

0.00 0.00 0.00<br />

A-124<br />

3 General Market Conditions<br />

0.10 0.10 0.00<br />

There is a historically weak and limited market for market multifamily<br />

development in Benicia.<br />

4 Financial Feasibility Constraint<br />

0.20 0.00 0.00<br />

Renewed redevelopment powers will be needed to overcome this<br />

constraint along with the willingness of the City to pursue reuse and<br />

parcel assembly<br />

5 Parcel size and configuration<br />

0.00 0.00 0.00<br />

6 Existence of major investment<br />

disincentives<br />

0.10 0.10 0.00<br />

Lack of transit connections to the greater Bay Area is an issue.<br />

Closest ferry terminal is five miles away in Vallejo; really no land-based<br />

transit access. Also the Downtown lacks "anchor" businesses and<br />

diversity. Over time Downtown may revitalize with additional<br />

residential and mixed use development and improved commercial<br />

sector with a concerted planning and redevelopment effort.<br />

Economic & Planning Systems, Inc. 3/26/2013 Page 3 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\WK_Readiness Assessments\All_WK_Sample032513

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