The Terminal One residential development along the city’s waterfront is moving forward following the settlement of a California Environmental Quality Act (CEQA) lawsuit filed by a neighborhood group.
“I facilitated a mediation among the parties to try and resolve their differences,” Mayor Tom Butt reported in his e-forum newsletter Tuesday night. “I am happy to report that the mediation was successful, and the lawsuit has been settled.”
The terms of the settlement were not immediately available, the mayor told the Richmond Standard Tuesday. City Council must approve the agreement during closed session next week, he added.
The Terminal One project was approved by Richmond City Council in July and includes 302 condominiums, 21 detached homes, a 1.9-acre shoreline park and new bike and pedestrian paths at 1500 Dornan Drive, just west of the Richmond Yacht Club. An old pier that once served as a ferry docking point will be revamped as part of the project.
The project faced opposition from the Brickyard Cove Alliance for Responsible Developments (BCARD), a group of neighbors who said the city inadequately addressed the development’s impact on traffic, aesthetics, parking, wind and air quality.
Butt said he was thankful that BCARD and the developer came to a resolution, calling the project important for Richmond.
Terminal One will bring more than $900,000 annually in property taxes to the city, the mayor said. The developer will pay a one-time fee of nearly $6 million to the city as part of an affordable housing requirement, which will lead to the construction of more than 200 affordable units. Another $4 million in fees from the development will go schools, parks, congestion management, Butt said.