Point Molate Acquisition Notice
In accordance with the Conservancy’s Acquisition Review and Disclosure Policy, please see the Point Molate Independent Appraisal Review Report 1 (Lots 1-4) and Point Molate Independent Appraisal Review Report 2 (Lots 5-44).
Staff intends to recommend the Conservancy authorize a grant of up to $36,000,000 to East Bay Regional Park District to acquire approximately 52 acres at Point Molate in the City of Richmond, County of Contra Costa, to create a regional shoreline park that will protect, and may restore and enhance, open space, natural, scenic, cultural, and historic resources; and that will provide compatible public and California Native American tribal access, including recreational and visitor-serving amenities, at the upcoming November 21, 2024 Board Meeting.
Project Summary:
Staff intends to recommend the Conservancy authorize a grant of up to $36,000,000 to East Bay Regional Park District (District) to acquire approximately 52 acres at Point Molate in the City of Richmond, County of Contra Costa, (County Assessor’s Parcel Nos. 561-100-050, 561-420-001, 561-420-002, 561-100-051, 561-430-001, 561-440-003, 561-100-053) to create a regional shoreline park that will protect, and may restore and enhance, open space, natural, scenic, cultural, and historic resources; and that will provide compatible public and California Native American tribal access, including recreational and visitor-serving amenities, at the upcoming November 21, 2024 Board Meeting.
Point Molate is a large and spectacularly scenic area bounded by San Francisco Bay, industrial and open space areas, and the Potrero Ridge. Some historic structures from past uses remain, but the site is largely undeveloped and includes natural bay and shoreline, expansive vistas of Mount Tamalpais and the Richmond-San Rafael Bridge, grasslands and open space, and shoreline and terrestrial habitats.
The District will acquire approximately 82 acres at a bargain sale price of $40 million. Conservancy funds will be applied to seven of the 44 lots (approximately 52 acres).
In addition to providing public access and visitor-serving amenities, the District seeks to protect the ecology of San Francisco Bay, and address resilience to sea level rise, climate change, and wildfire prevention.
Point Molate Independent Appraisal Review Report 1 (Lots 1-4)
Point Molate Independent Appraisal Review Report 2 (Lots 5-44).