I was a real estate developer in the Portland, Oregon area for 30 years before moving to the Monterey Peninsula to be closer to my children and grandchildren. My daughter lives on 5th Street in Pacific Grove less than a mile from the Tin Cannery building.
I have seen a lot of different types of development and re-development projects throughout my career and spent the last decade partnering with other stakeholders on mixed-use, master-planned developments including a 400-acre mixed-use, master-planned development which included corporate headquarters, retail, hotels, office space, residential and assisted living facilities, all within green spaces and parks.
When I moved here one of the first things I noticed was the neglected condition of the American Tin Cannery building. In any community, it would be an eyesore, but in such a beautiful setting it really doesn’t fit. From the perspective of a real estate developer, it is sad to see such an underutilized piece of real estate.
I have seen the plans for the redevelopment proposal for the Tin Cannery building and believe any city would be proud to have a development like what is being proposed. Not to discount the tourism and tax revenue that would help take the pressure off of needing to raise taxes for local residents in addressing an aging infrastructure.
— Steve Madison, Monterey