Selling a valuable commercial building at Alameda Point may have to wait, and leasing can be the bridge to the future, according to Base Reuse and Economic Development Director Abby Thorne-Lyman.
On Tuesday, October 20, 2026, the City Council will consider leasing a former Navy aircraft hangar, Building 11, to Poseidon Aerospace. The startup company plans to begin manufacturing pilotless cargo planes in 2027 with up to 100 employees. Its business model is to own and operate a fleet of planes, with limited commercial operation beginning next year, pending regulatory approval.
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