SunCal Declares Bankruptcy at Oak Knoll
SunCal’s problems are slowly creeping north to Oakland. Is the collapse of SunCal at Alameda Point next?
The Importance of Public Safety in Alameda
These pictures from the recent fires in Southern California illustrate why public safety is so important. Alameda has no sea-water fire pumping systems, and in the event of a serious earthquake, the water mains from Oakland are likely to be cut-off and there would be no water in Alameda to fight fires with. Yet Alameda [...]
City Council Authorizes Sale of AP&T Telecom Business
Release: IMMEDIATE, November 19, 2008
Contact: M. T. Matt McCabe,
CITY COUNCIL AUTHORIZES SALE OF ALAMEDA P&T TELECOM BUSINESS
Alameda Education Foundation Website Down
We wrote previously that we had reports of infighting and money squabbles within the Alameda Education Foundation (AEF.) Today we got a tip that the website seems to be down - we went and looked and indeed, the website was gone, replaced by the default “this website coming soon” page from their hosting service. Maybe [...]
$20 Million at Stake in AP&T Bond Lawsuit
Last week, Alameda Power & Telecom announced a deal to sell their Telecom division to Comcast for a nominal offer price of $17 million. They also announced that the City of Alameda is in litigation with holdout bondholders who refused to assent to the sale. $20 million hangs in the balance.
Union Projectionists Picket Alameda Theatre Again
The return of James Bond to the Alameda Theatre also brought back a picket line from the projectionists union, I.A.T.S.E. Local 169.
AP&T Press Release on Sale of Telecom to Comcast
NEWS INFORMATION
Release: IMMEDIATE, November 15, 2008
Contact: M. T. McCabe
ALAMEDA PUB TO CONSIDER SALE OF TELECOMMUNICATIONS
ProLogis/Catellus Problems Too
Not to be outdone by SunCal, ProLogis reported financial challenges this week, as their CEO resigned and they halted planned projects and cut dividends. ProLogis owns Catellus, which is the master developer for the Alameda Landing project. The Austin Business Journal reported that ProLogis is halting construction nationwide. No word yet if that includes Alameda [...]
Update on SunCal, D.E. Shaw Problems
Here is the first edition of a new, irregular update on the trials, tribulations and litigations of SunCal Companies and their financial capital partner, D.E. Shaw.
Details on Alameda Power & Telecom - Comcast Deal
** CORRECTION - City Council to review the deal Tuesday, Nov. 18th. Details now online from AP&T here.
Alameda Power & Telecom has struck a deal to sell their struggling Cable TV and Internet division to Comcast. Here are some of the details, including a video statement by AP&T General Manager Girish Balachandran.
