NovoMetro

Education in Oakland

Uptown Brings $9 Million to Local Businesses

Posted by novometro on September 11, 2006

As opponents of at least three large developments proposed for downtown Oakland hone their rhetoric, it’s worth considering a report to be presented at a City Council committee meeting Tuesday. City officials found that the Forest City Uptown project, which will bring 700 housing units and a public park to downtown Oakland, has generated $6.7 million for local businesses, and $2.3 million for small local businesses. After less than a year of construction, Oakland residents have earned $344,019 working on the project. Prepared by the city administrator’s office, the report says that the contractor expects that 20 percent of an additional $25 million in upcoming contracts will go to local businesses.

Read the report here

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