The Oakland City Council fearing it would lose a good chunk of the jobs and . The council authorized staff to sign agreements with three auto dealers and negotiate with others. The reality is I m not happy with the fact that we have not finalized the agreements . with the dealerships because it s the highest generating revenue business for the city De La Fuente said. If they get tired of waiting they could move somewhere else. If we keep screwing around we are going to lose some of those dealers he added. However it took months to get national factory approval to finalize the sale and negotiations must start anew. Weatherford BMW a downtown Berkeley dealership that was eager to move to Oakland has a different issue. The utility has since filed a lawsuit. There are auto dealers on Broadway Auto Row that provide about well paying jobs and generate about . million in annual sales tax revenue for the city. I believe there is enough room for all of them De La ! Fuente said. There are to acres in the North Gateway and now we have the ability to expand another to acres. We have to do whatever we can do to retain the dealerships. Originally it was an emergency to accommodate these dealerships so they wouldn t move she said. million from the sale of the real estate. But it will gain million in new construction an estimated . million in tax increment revenue and . Contact Cecily Burt at cburtbayareanewsgroup. BA Castro Valley Homes bd .
Source: http://origin.insidebayarea.com/oaklandtribune/localnews/ci_7117153
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