1 April 21, 2026
Approval of Project Agreements with
Radium Presents for Performing Arts
Center at Alameda Point and Adoption of
a Site-Specific Surplus Land Exemption
Staff Recommendation
2 1) Hold public hearing to consider adoption of site-specific resolution declaring 1.87 acres of city-owned land between Building 77 (2151 Ferry Point) and the seaplane lagoon promenade to be exempt surplus land under the California Surplus Land Act.
2) Adopt an ordinance approving a lease option agreement that would lead to a ground lease with an option to purchase; and authorize the Interim City Manager to sign a purchase and sale agreement if the purchase option is exercised.
Ferry Terminal
Proposed Site: Alameda Point Site A – Blocks
12 & 13
3 • Lease Premises (Black dashed
line): 1.87 acres
• Project Boundary (Pink
dashed line): includes
roadway, park, and
ANAM improvements
• Current Use: Temporary
performance venue (Radium
Runway)
• Adjacent Uses: Naval Air
Museum/B77, Waterfront
Park, Block 11, Taxiway H
Seaplane Lagoon Waterfront Park
Proposed Project
4 Venue Details
• 53,000 square foot performing arts center
• Apprx. 600-seat main theater; 210-seat studio theater • Rehearsal room; lobby/gallery; cafe; rooftop bar
• 1-acre public plaza
Investment
Approx. $150M to be raised through philanthropic
contributions ($15M committed by Radium Presents).
Assumes no operating subsidy from City.
Organizational Structure
• Non-profit; 12 full-time staff
Background: Exclusive Negotiating
Agreement (ENA)
5 December 2023 -- City Council approved an ENA between the City and Radium Presents
• An ENA allows exclusive negotiating rights and lays out steps that need to happen to reach a long term agreement
• Extended in 2024 and 2025 to provide additional time to complete negotiations
• Current ENA expires on April 30, 2026
Background: HAB and Planning Board
6 2024:
• Historic Advisory Board (HAB) held 2 public workshops • Planning Board (PB) held 2 public workshops
• HAB and PB formed joint subcommittee to review design in greater detail; met three times
2026:
• HAB unanimously approved a Certificate of Approval including CEQA findings (see CEQA Checklist in Exhibit 4).
• PB unanimously approved an amendment to the Site A Development Plan.
PB also reviewed and ratified HAB’s CEQA findings.
California Surplus Land Act
7 Seaplane Lagoon
Waterfront Park
Prior to selling, or entering into a long-term lease on land owned by the City, the California Surplus Land Act requires the City to declare the land "surplus land" or “exempt surplus land" with written findings.
The recommended resolution declares that the 1.87-acre property on the former taxiway between Building 77 and the Seaplane Lagoon Promenade Park is “exempt surplus land” under the Surplus Land Act.
Staff have worked with California Housing & Community Development (HCD) to ensure they are aligned with City’s approach.
Key Project Goals Guiding Negotiation
8 Seaplane Lagoon
Waterfront Park
• Create a State-of-the art performing arts center that serves the community
• Ensure the project will be completed once construction begins • Ensure the performing arts center sustains operations over long term • Support infrastructure components of the project that will serve public
• Defined, limited but sustained participation by the City Lease Option
Three (3) years with
three 1-year
extensions
Fundraising progress
milestones
Exclusive option to
ground lease following
100% of project funds
raised/pledged and
entitled project
Ground Lease
66 years for $1/year
Sustainable
Operations Plan with
Operational
Benchmarks
Authorized use west of
Blocks 12 & 13 for loading,
utilities, bioretention
Purchase Option
Following 10 years of
“sustainable
operations”
City Right of First
Refusal (ROFR) to buy
back
Restrictive Covenant
(non-profit theater
benefiting community)
Developer:
1. Roadway fronting B77/NAS
Museum (~$4.5M)
2. Utilities to site; modification to Pan
Am intersection
3. Authorized use of area west of
Blocks 12 & 13
4. Improvements south of parcel
transitioning to Park
5. Plaza improvements and ongoing
maintenance/operations
City:
6. N/S roadway improvements
connecting to W Tower (~$4.5M)
7. Temporary surface parking lot
Investment in Infrastructure Required by Both
City and Developer
10 1
2 3 5
6 7
4 Community Benefits:
Neighborhood/Community Scale
11 • State-of-the art performance venue that serves community • Catalytic use at Alameda Point
• New 1-acre public plaza and interface with Seaplane Lagoon Promenade
• New pedestrian-oriented roadway and connection to Naval Air Museum/B77
Community Benefits: Programmatic /
Operational
12 Seaplane Lagoon
Waterfront Park
• Activation: Minimum number of “use-days” across all venues • Public Access: Access to lobby and balcony viewing areas during normal business hours
• Employment Opportunities for Formerly Unhoused: goal of 15% of jobs to be made available to formerly unhoused individuals
• Ticket Discounts: Discounted event/ticket prices for seniors, students, and active military
• City Utilization of Theater and Plaza: City may use theaters and in plaza up to 12 times per year at cost.
• Discounted Non-profit Rental Rate: Discounted rental rates for Alameda- based nonprofits
Summary of Key Terms
13 Seaplane Lagoon
Waterfront Park
• Lease Option term extensions contingent upon fundraising milestones • 100% of money raised/pledged before starting Ground Lease • Ground lease of 66 years for $1/year
• Developer to build new pedestrian-oriented roadway, public plaza • City to build new roadway between W Tower and Seaplane North (est. $4.5M cost) once Seaplane North is constructed
• Ten (10) years of “sustainable operations” before site can be purchased • City Right of First Refusal (ROFR) to buy back
• Restrictive covenant runs with land ensures non-profit theater benefiting community in perpetuity
• Negotiation assumes no operating subsidy from City
Staff Recommendation
14 1) Hold public hearing to consider adoption of site-specific resolution declaring 1.87 acres of city-owned land between Building 77 (2151 Ferry Point) and the seaplane lagoon promenade to be exempt surplus land under the California Surplus Land Act.
2) Adopt an ordinance approving a lease option agreement that would lead to a ground lease with an option to purchase; and authorize the Interim City Manager to sign a purchase and sale agreement if the purchase option is exercised.
Ferry Terminal
15