The Final Design for the Surfers' Point Managed Retreat Project in Ventura, CA is almost complete, and construction could potentially begin in Fall 2008. Fundraising for construction is underway, but we are still looking at a $3.4 million shortfall. There may be opportunities to phase the project. Summary of the current status is below:PROJECT FINANCING: (2008)
Coastal Conservancy (pending) $1,500,000
Fed SAFETEA-LU $1,500,000
City of Ventura $172,500
OPC (pending) $500,000
Other sources TBD $3,383,500
Total Project Cost $7,056,000
Coastal Conservancy June 5th meeting - funding request for $1.5M for Surfers Point project
Ventura City Council June 9th meeting - approval of the MOU (Memorandum of Understanding) with the Fair Board for the operations and maintenance of the project. According to city staff there were no concerns with the latest minor changes requested by the Fair Board. The MOU is in line with the deal points approved by the City Council in April 2007. City of Ventura will also be amending the project EIR and Coastal Development Permit to allow the City to begin bringing recycled asphalt from road work to the Fairground to begin covering up the dirt parking area as requested by the Fair Board in the MOU.
Ocean Protection Council meeting September 11 - Bay Area
more information at www.surferspoint.org
