Economic Development Update

B.R. Funsten: Significant work on the B.R. Funsten industrial warehouse project has been completed, several weeks ahead of schedule. The new warehouse at the facility, located at South Main and Industrial Park Drive, is finished, and the internal racking system was installed beginning on Saturday, November 14. Warehouse inventory from the Fairfield facility is being relocated to Manteca, and should be completed by December 23. New asphalt paving, landscaping and exterior paint is being finalized, and the entire facility looks extremely impressive.

Promenade Shopping Center: Construction work is accelerating at the Promenade Shopping Center south of the Highway 120 Bypass for new luxury outlet space. Staff and the developer anticipate funding will be approved within 60 days, which will allow for two, new additional buildings to be constructed. Construction is still on schedule for the Hampton Inn/Suites to be finished in March 2010.