"The Wave" Downtown Long Beach Aerial Tram
Register now and join Developers, Multi-Family Investors, other distinguished guests, and our Long Beach Commercial Real Estate Council members for breakfast.
Date: Friday, September 14, 2018
Time: 7:30 AM - 9:00 AM
4101 E Willow St
Long Beach, CA 90815
- Clay Sandidge - Muni-Fed Energy, Inc.
Catch "The Wave", as a proposed implementation of an aerial tram (or alternative solution) to connect the downtown to the waterfront has the potential to:
- Create and enhance vitality
- Demonstrate the City’s commitment to the area to promote CRE investment
- Provide additional transportation capacity for potential future CRE investment
Many urban areas have successfully implemented cable-driven medium- to high-capacity transit systems, including the Portland Aerial Tram(pictured), the Las Vegas CityCenter cable-driven peoplemover project and the Roosevelt Island gondolas in New York City. A similar system has also recently been studied for San Diego’s waterfront. Renewed interest in developing the waterfront and Queen Mary has highlighted the need for improved transit and urban design. The proposed tram project would be a catalyst for development and increased tourism, and as such, enjoys the support of the business community in Long Beach, particularly among property owners within the study area. In addition, the Downtown Business Association and the Chamber of Commerce have demonstrated their consistent support.
Both residents and tourists alike will be newly drawn to the study area, providing an estimated 500,000 annual trips induced by the tram. These additional trips can be broken down into three types: 1) resident work trips; 2) non-work trips for shopping, personal business and recreation; and 3) tourist and visitor trips. Such demand can easily be served by a tram system. Tram capacity ranges from 600-5,000 passengers per hour per direction - roughly equivalent to the capacity of a 2-lane highway
About Clay Sandidge:
Clay A. Sandidge is a founding principal at Muni-Fed Energy and Sandidge Consulting, Inc. He has 30 years of experience in project development, renewable energy development, water/waste water, engineering, environmental, and real estate transaction development business segments. Throughout his career he has focused on providing integrated solutions to private industry, ports, utilities, developers, petroleum, manufacturers, and municipal, state, local and federal government clients.
- 7:30 am Member Networking
- 7:45 am Member Introductions
- 8 am: Discussion Begins
- 9 am: Meeting concludes
About Us: The Long Beach Commercial Real Estate Council provides strong advocacy, education, and business opportunities through a powerful Long Beach & South Bay based network. Since 1992 our members' participation and dedication have led us to become the leading organization for developers, CRE brokerage, construction, lending, title & escrow, local government, owners and investors of office, industrial, retail and mixed-use real estate in the greater Long Beach and South Bay area.