Measure B would have phased out power generation from the AES site, and would have established new land use and development standards for the site by amending the General Plan, Coastal Land Use Plan, Harbor/Civic Center Specific Plan, Coastal Zoning, Zoning, and City Charter. The new land use would have allowed 600 residential units, 85,000 square feet of commercial development, 250 hotel rooms and require 10 acres of public open space.

Cities have since struggled to find an effective alternative to finance blight-fighting projects.  In September 2014, Governor Brown signed into law SB 628, allowing public agencies to create a new redevelopment-like creature called an “Enhanced Infrastructure Financing District” (“EIFD”).  The law, which should help kick-start dormant projects and transform land into more productive uses, enables local agencies to fund infrastructure and community revitalization projects using tax increment revenue.