The deal involves transferring ownership of 701 Main Street, a building that originally served as a bank and later a restaurant, and two parking lots to the California Forever group. As part of the agreement, Suisun City will lease the parking lots from California Forever for $1 per year and operate them for public use.
The city said in a press release that its Downtown Specific Plan envisions a mix of commercial and residential uses for the parcels, with California Forever conducting outreach with the community as the planning progesses.
California Forever has been seeking to build a new community of housing, retail and jobs on thousands of acres of rural Solano County it has purchased. Backed by Silicon Valley tech billionaires, the development group's 2024 ballot measure to rezone 17,500 acres of farmland ran into stiff opposition, and it withdrew the measure.
According to Prebula, the downtown building purchases are seen as a signal from California Forever that it wants to invest in the long-term vibrancy of Suisun City. California Forever CEO Jan Sramek has said the downtown acquisitions accelerate the group's investments into Suisun City's downtown and help bridge a budget shortfall for the city.
California Forever plans for Suisun City continue to be opposed by segments of the city's population, who have voiced their concerns at recent community meetings. The political blowback has also led local groups to initiate recall petitions for Suisun City city council members.
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