Agribusiness giant Cargill and developer DMB Associates propose a massive development of the Redwood City salt ponds into a community of 25,000 to 30,000 residents, in addition to commercial and retail development.
These are the same salt ponds that were to have been part of the 2003 purchase of salt ponds from Cargill for restoration, but Cargill withdrew them from the deal. Based on a secret appraisal that was later determined to be vastly inflated, we taxpayers paid most of the $243 million Cargill received ($100 million cash; $143 million in tax write-offs). As such, these salt ponds rightly should be restored to the bay.
Restoration of the Redwood City salt ponds would improve the environment and benefit all of us. The proposed Cargill development will negatively impact all of us in many ways and requires regional opposition.
Arlington Way, Menlo Park