| |
More
than $17 million has been funded
to minimize pre-development risks
and maximize return on investment (see
below) thanks in great part to the cooperative efforts
of the Fort Ord Reuse Authority and the City of Marina.
Physical
improvements within and immediately surrounding the UC MBEST
Center include full roadway and utility access, including
fiber optic capability available to approximately 50 acres
of developable land.
The Development
Partner's investment on these lands need be little more than
the construction and operation of buildings and installation
and maintenance of landscaping on roadways within the UC MBEST
Center.
A table
and map provides detailed
information about the completed and proposed improvements
for the UC MBEST Center.
|
|
|
| |
Completed
Capital Improvements at the UC MBEST Center
| Improvement |
Cost |
|
Planning
Grants
|
$2,556,000 |
| Pre-1999
Roadway Improvements |
$600,000 |
Wastewater
Lift Station and Force Main
(EDA-funded) |
$1,000,000 |
Wastewater
Line and Entry Road
(EDA-funded) |
$2,000,000 |
Roadway
and Utilities
(EDA-funded) |
$3,104,000 |
Gas
and Electricity
(USDA and UC-funded) |
$335,000 |
Water
Main
(funded by Marina Coast Water District) |
$454,000 |
Neeson
Road Widening
(USDA-funded) |
$600,000 |
Headquarters
Building/Incubator
(EDA, CDBG, and UC-funded) |
$4,911,000 |
Year
2002 Roadway Improvements
(EDA-funded) |
$2,500,000 |
| TOTAL |
$18,204,000 |
Footnote:
EDA - Economic Development Administration-federal agency providing
grants for capital improvements
CDBG - Community Development Block Grant-state program providing
grants for capital improvements
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