| 
                    
                      | Contact: | Jeff ChewCity of Oakland
 Redevelopment
 (510) 238-3629
 |  For immediate release: Nov. 12, 2002 California Heritage Fund Grant 
                    to be used for Exterior Façade Restoration
 OAKLAND, CA  
                    The State of Californias Office of Historic Preservation 
                    has awarded a California Heritage Fund grant to the City of 
                    Oaklands Community and Economic Development Agency (CEDA) 
                    for exterior façade restoration of the historic Fox 
                    Theater. The $375,000 grant amount will be matched dollar-for-dollar 
                    by funds from the CEDA. The grant money and matching funds 
                    will be used to stabilize, clean, repair and restore the buildings 
                    exterior façade which has deteriorated badly since 
                    the theater closed over thirty years ago.  The revitalized exterior will help 
                    CEDA market the building to developers interested in restoring 
                    the Fox Theater and the attached commercial/office building. 
                    The Fox Theater is immediately adjacent to the residential/commercial 
                    development currently being planned by Forest City Residential 
                    West and the Redevelopment Agency and is a crucial element 
                    to revitalizing the Uptown neighborhood.  Since purchasing the theater in 1996, 
                    CEDA has been involved in a comprehensive effort to revitalize 
                    the historic 1928 movie palace and transform it into a performing 
                    arts center. A new roof was installed in 2000 and the historic 
                    marquee and spectacular neon "Fox Oakland" sign 
                    (ca. 1935) were renovated in 2001. A master plan outlining 
                    various development options was also completed in 2001.  The Community and Economic Development 
                    Agency is committed to sustainable growth and development 
                    throughout Oakland. CEDA works to attract new businesses and 
                    jobs, retain and expand existing businesses, facilitate job 
                    training and placement, and develop key areas of the city. 
                    CEDA places a special focus on affordable housing, homebuyers 
                    assistance, the Mayors 10K downtown housing initiative, 
                    and revitalizing neighborhood commercial corridors. Planning, 
                    zoning, building services, economic development, redevelopment, 
                    and housing and community development are consolidated functions 
                    of the 350-person agency. # # # |