March 25, 2016 Email
News from Pleasanton Voters
HOW MANY $$$ WILL IT COST PLEASANTON RESIDENTS TO
HAVE A COSTCO IN PLEASANTON?
Attend an Upcoming Meeting to Learn the Details!
By rezoning a former commercial/light industrial space to retail, the City is rapidly advancing toward locating a Costco warehouse on Johnson Drive at the former location of the Clorox Research Center. To learn more about this project, don't miss an important meeting of the Pleasanton City council and the Pleasanton Planning Commission. These two panels will discuss the Draft Supplemental Environmental Impact Report (DSEIR) for the project. This is your opportunity to ask questions and voice your opinion, including:
To review the DSEIR, visit the City website at: http://cityofpleasantonca.gov/JDEDZ
A voter initiative is underway to put this project before the Pleasanton voters in the November election. For more information about the initiative, just visit:
Dear Pleasanton Resident:
Our November ballot has an initiative for Pleasanton voters called Measure MM. The actual text is below in "city speak" which can be confusing.
"Shall the ordinance proposing to amend the City of Pleasanton's General Plan to prohibit retail uses of 50,000 square feet or greater, larger scale retail and club retail, in the Johnson Drive Economic Development Zone be adopted?"
This has been labeled the "Costco Initiative" and, like many of you, we like to shop at Costco. However, after sorting through the ballot arguments, financial reports and city documents, we learned the expenses of road expansions and new infrastructure will cost about $16 million in infrastructure improvements. Normally a new business in Pleasanton pays 100% of its own infrastructure expenses to the city. Under this deal, Costco is not paying their full share.
According to MM's ballot arguments, "the project is estimated to cost $16 million for infrastructure improvements and other expenses, with potentially up to $11 million being subsidized by taxpayers." Why are we (and other companies that paid 100% of their expenses) paying to bring Costco to Pleasanton when there are already two Costco stores 4-10 miles from Pleasanton shoppers?
We think if Costco wants to locate to Pleasanton, they should pay 100% of their infrastructure expenses. With reported earnings of $76 billion in annual revenues, Costco can afford to pay its fair share. More and more consumers are shopping online using Amazon.com and other online retailers. As traditional brick and mortar shops close in the Tri-Valley (Sports Authority and Borders), we question if Costco will survive the 25+ years estimated to repay the city and taxpayers for prefunding these infrastructure expenses with future tax revenue.
For these reasons, we are endorsing YES on MM, which would limit the building sizes, attract medium sized companies (50,000 sq. ft. or less), result in diversified risk, and support the policies that ALL businesses on Johnson Drive must pay 100% of their own infrastructure improvements costs.
October 11, 2016
About Pleasanton Voters:
PleasantonVoters.com is a non-partisan group of Pleasanton residents with the goal of educating Pleasanton voters about new and massive development projects that may negatively affect our City. We have defined goals of preserving ridgelines and open space, protecting our voter approved Urban Growth Boundary, and retaining the best qualities of our City for future generations.
Pleasanton Voters has well over 7,000 residents on our growing email list. Hundreds of you have shown up at City meetings, written letters, shared information with your neighbors, and helped support this grass roots organization.
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Kelly Cousins, President
Sandy Yamaoda, Secretary
Al Exner, Treasurer
News from Pleasanton Voters
Johnson Drive Economic Development Zone
Joint City Council/Planning Commission Work Session
Tuesday, April 12, 2016 6:30 p.m.
Pleasanton Senior Center
5353 Sunol Boulevard,