July 23, 2012
Marina has had terrible luck with developers for its planned senior community on the former Fort Ord.
It cut ties with its first developer, Front Porch, in 2008, then spent close to $1 million in renewed plans for the site. After a long process of vetting interested developers, the City Council chose Coastal Rim Properties—then, last October, decided to torpedo the deal and start over with a smaller project.
In mid-April, the city chose Roseville-based Silverado Homes to develop a scaled-back Cypress Knolls project. But in late June, Silverado suspended its exclusive negotiating agreement due to concerns about prevailing wage.
According to the city's July 20 press release, Silverado is concerned about "the costs associated with the determination of current prevailing wage rates for the trades in Monterey County. Discussions are ongoing between Silverado Homes and the Building and Trades Council of Monterey, Santa Cruz and San Benito Counties. The City and Silverado Homes hope that there is a timely resolution to this issue so the project can proceed forward as anticipated."