City of San Jose, Office of Economic Development: Vision North San Jose to Receive Boost From Sony and The Irvine Company


Vision North San Jose to Receive Boost From Sony and The Irvine Company SAN JOSE, CA — (MARKET WIRE) — November 13, 2006 —

Event: San Jose Mayor Ron Gonzales and City Councilmember Chuck Reed, San Jose's Mayor-Elect, will join key City of San Jose and private sector officials

from Sony and The Irvine Company to announce momentum in support of Vision North San Jose.Who: Ron Gonzales, Mayor of San Jose Chuck Reed, San Jose City Councilmember and Mayor-Elect Senior Sony Electronics Officials Max Gardner, President, The Irvine Company Apartment Communities Paul Krutko, Director, San Jose Office of Economic Development Harry Mavrogenes, Executive Director, San Jose Redevelopment AgencyWhen: 1-1:20 p.m. Tuesday November 14, 2006Where: San Jose City Hall Rotunda 200 East Santa Clara StreetBackground:

Vision North San Jose provides a framework for greater innovation andprosperity opportunities for businesses and residents alike. It is adevelopment strategy that evolves North San Jose from a traditionalindustrial park to a multi-faceted 24/7 urban environment and innovationdistrict, involving the upgrading of transportation systems, traffic andpedestrian circulation, creation of opportunities for more San Jose jobsand construction of more homes near those jobs. Vision North San Josecomponents include generating 26.7 million square feet of new R&D, officespace, 32,000 new high density residential units in close proximity tojobs, 1.7 million square feet of new supporting retail and food & beveragespace, $570 million in new transportation improvements, new bicycle andpedestrian facilities as well as parks and open spaces, public safetyservices and educational facilities.

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