DUBAI--To Redo Former Naval Air Station-- Moves to put money in U.S. "Green Tech"

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Ever wondered what was happening to the $1 b that Dubai got for cashing in their U.S. Ports operations??

Well it looks like they are investing it in "Green Technololgy" and a development of a sleepy little California Town on the fringe of Silicon Valley and near the hub of U.S. biotech, called Alameda.

It creating a raving blog opposition by supporters of the Haliburton equivalents in the land development business, Catellus and Lennar:

http://laurendo.wordpress.com/2007/01/24/point-party/



Good for them! Less patient folk would have got pissed and banked it in Havana.

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Dubai-financed development team proposes green research lab at Point

The University of California has teamed up with one of the master developer candidates for the former naval air station to woo public and city support for a sustainable development research facility at Alameda Point.

The Coalition for a New California Infrastructure, a group that includes three U.C. institutions, the Lawrence Berkeley National Laboratory and BART, has been in talks with the city for more than a year. But on Tuesday, CNCI said they had partnered with Dubai-financed United World Infrastructure last year to turn Alameda into a "green island."
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In addition to the possibility of a UC-led research facility at Alameda Point, UWI said they are working with Alameda-based CyberTran to finance a light-rail system that would run along the northern edge of the Island, connecting commuters with two Oakland BART stations.

"We have not heard anyone but UWI make the financial commitment (for the light-rail) to the city," Neil Garcia-Sinclair, CyberTran’s chief executive officer, said.

Garcia-Sinclair said the envisioned elevated light-rail system would cost $100 million.




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http://www.verican.info/asun/index.php?option=com_content&task=view&id=957&Itemid=10

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1. Video on project quite homey

Just found a link to a quaint video about their project.
http://www.youtube.com/watch?v=MqCscgkjpqU