Tom Butt
  E-Mail Forum – 2015  
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  Point Molate Market Research
July 31, 2015

In April, the City Council approved a financial contribution of $10,000 to a study managed by The Trust for Public Land that would provide initial research into the markets for a variety of potential uses at Point Molate.  The Report has now been completed by the real estate economics firm of Sedway Consulting.  The report’s conclusion is as follows:

Sedway Consulting believes that the potential economic development program for Point Molate should have a recreation/ leisure, hospitality, and residential focus. Specifically, identified uses include a hotel with a moderate  amount  of  conference  and  event  space,  a  restaurant,  and  possibly  camping facilities, supported by accessory recreational uses. Other uses include rental apartments, and one or more wineries.

Expect a City Council study session to discuss the report perhaps in September.