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.