I Propose Something More Attune with the Current and Future Economy

Sir,

Mr. Brian Foster (Letters September 6, 2023) writes with authority supporting the recent proposals to convert the unincorporated area of Castro Valley into a self-governing municipality. One suggestion he puts forward to generate tax revenues is that “if we had one or two auto dealerships … we would be flush with tax revenues.” Unfortunately, from what I understand from the business model for auto dealerships is that profit margins are extremely tight, and presuming that buyers will flock to our town in a rush to purchase a new car is unlikely. There are many other auto dealerships in the East Bay and the possible land available near the freeway ramps is rather small, given that dealerships need space for inventory.

I would propose something more attune with the current and future economy – a high-tech/biotech hub where start-ups and research units can base themselves. We are at the geographical center of the East Bay, served by the aforementioned freeways and public transport (BART, buses to SFO, etc.); we have potential tracts on the boulevard such as the Rite Aid site and the closed trailer park just east of KFC, both of which may be available in due time. Both sites are only a short walk from the BART/AC Transit station.

Such organizations could generate tax revenue from property taxes, employees eating out locally, bring a younger generation back to work in Castro Valley, and may have a knock-on effect of generating new businesses, such as perhaps a micro-brewery and other restaurants.

Many of the current residents of Castro Valley work in Silicon Valley and the associated high-tech/biotech hubs in Pleasanton, etc., so we already have local expertise in the industry.

All we need now is someone with the foresight and vision to propose and fund such a development.

–Matthew Kaser, Castro Valley