A waterfront development in Hercules, California which includes a multimodal bus/train/ferry facility, will be built, say city officials and the developer. This despite the fact that where half the cash is coming from has yet to be determined.
Hercules Bayfront, the privately-developed part of the project, is designed to have 1,400 housing units, while the Intermodal Transit Center combining Amtrak, bus and a potential ferry stop, are being developed by the city. The projects are intertwined though, and the city and developer are still figuring out how they're going to pull it off.
They "must come to terms soon on the right of way for the train station; how to share predevelopment costs; how to phase the private development to accommodate construction of the transit center; development impact and other fees; and Bayfront's affordable housing component," writes Tom Lochner.
FULL STORY: Hercules waterfront projects back on track, principals say
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