Former Kern Power Plant Site Disposition Strategy
Client: Pacific Gas & Electric
Location: Bakersfield, CA
PG&E retained Strategic Economics to assist in testing this new integrated remediation/property disposition strategy using the former Kern Power Plant site in Bakersfield, California as the first test case. This is a 150 acre site that accommodated both the former power plant, which has been demolished, and a large electric substation with transmission lines that will be expanding within the next five to ten years. Strategic Economics prepared market analyses for four major land uses: retail, housing, office, and light manufacturing to determine which use(s) had the strongest market support, were most appropriate given the ongoing substation operations, would best satisfy local community objectives, and would be achievable given ongoing remediation issues.
Once the market work was completed, Strategic Economics, working in conjunction with PG&E staff, selected Urban Field Studio, a planning and urban design firm, to work with the team to establish up to three development concepts for the site. Strategic Economics and Urban Field Studio will now work together to identify the best development sites given the available land, document the various constraints for future development posed by ongoing uses on the property and work with the City of Bakersfield to identify other planning issues that will affect future development. Once these steps have been completed, Strategic Economics will advise PG&E on the best approach to property disposition.