Oakland Tribune from Oakland, California • 24

rrsrrv THE OAKLAND TRIBUNE Wednesday February 2 1994 TCI may of East i Like many other laqte cablecar-to Ifequlre Oakland Piedmont and Treasure Island to theTCI stable Bay C-' blevlsloa would add another 48-000 subscribers in Berkeley El Qerrtto El Sobrante Hercules md Ptffhmnwd- of Its East Coast systems to Potts-town Pa-based Lenfeat Group the current owner of Cable Oakland and Bay Cabtevtalon Officials at the companies could not say whether the planwlll include any cash payments Monthly rates for Cable Oakland and Bay Cablevlalon aren't likely to change as a result cf an acquisition by TCL Under the 1992 Cable Act which went into effect last foil rates for basic service and forittMt popular cable programs are regulated -Jy coin plicated formulas reflecting die number of channels a cable system holds Rates could change if TCI eventually upgrades die Cable Oakland and Bay Cablevlalon eye-terns to cany more channels TCI la currendy revamping all its East Bay systems The cities served by Cable Oakland and Bay Cablevlalon will have to approve any acquisition plan since aH municipalities regulate cable carriers throughfran-Chlse agreements The two cabfc Jz systems will have to file formal notice of the acquisition plan with each city which wdl evaluate the deal have pubUc heartngi and hold council votes on the pbm Castellana said that should the occur TCI wdl Ukety retain Cable Oakland and Boy Cablevlsion employees iTCI la coneklertiig purchasing other cable carriers including Western Communications which operates systems in South San Ftandaco Concord and Mon- i STAFF WHTER riers TCI seeks to Acquire systems In' adjacent cities because such an arrangement makes ft easier to connect entire regions Into single Information networks said Valerie a TQ official in Walnut Creek OAKLAND Cable tdevtakn' expects to announce a plan to acquire cable systems serving large portions of the East Bay by the' end of the month TCI last October announced a two-year plan to lay a high-tech fiber optic ring linking Bay Area cities Into an Interactive Information network dealgied to cany data video and voice atgula In die East Bay TCI today serves 120000 customers in Alameda Fremont Hayward San Leandro and San Lorenzo Acquiring Cable Oakland would add 71000 customers in Emeryville i TCL die nation's largest cable carrier has been negotiating to add Cable Oakland andBqyGa--blevlslon to its for-reaching East Bay market -for almost a year As part of the acquisition deal TCI will probably turn over some terey 1 i i Train SHCMafk Diversified wins pact biggest supermarket opens Continued from page C-1 STAFF WOTER Co Inc of Foster City which submitted a bid of $636 million The firm listed 12 minority-owned businesses among the 27 subcontractors to evork on die project Last October SJ Arfioroso outbid SHQMark Diversified for die contract but both bids were $12 million more than die port had budgeted for construction of the two-story depot The port had judge The Port of Oakland commission unanimously awarded SHC Mark Diversified the contract to build the 16000-square-foot "crystal palace" Amtrak station at Jack London Square Construction is now scheduled to start in earty March and offcn January 1994 although the The new supermarket wdl be open 24 hours a day and offer low warehouse prices without membership fees Safeway Pak Save's parent company has been eying the Oakland area for yean because of Its "untapped market" said spokeswoman Debra Lambert There are no warehouse supermarkets nearby let alone In the dty of Oakland" The Oakland facility die first new Pak Save in the Bay Area since a Pittsburg store opened in 1990 represents a prototype for future Pak Save stores including one in Emeryville that is scheduled to open In August vv Pak Save has two other stores in the East Bay one ip San Leandro and another in Dublin OAKLAND A new $10 million Pak 'a billed as the largest supermarket in the city Is scheduled to make Its debut today at midnight The 60000-aquare-foot store at 610 Hegen-berger Rd is expected to fill a need for residents in die nearby Brookvale and Sobrante Park neighborhoods where small comer stores are the only source for poetry items The warehouse supermarket which employs 200 eclipses the 49000-square-foot Safeway in Rockrldge until now die largest buildiqg may not be completely to Kverai finished until March 1994 sato fTUinkrvinV4f 1994 mainly mamffir rhangwi (p the port project manager Imee Dean towakL' The $135 million project baa been on the drawing boards since design to simplify construction and ask for new bids 1 0santowakl said die station will still maintain its "monument Ddhuns was die unde of US Rep Ron DeDuine DOaktynd who has been instrumental in gaining new Navy lands for port expansion and expediting dredging But Broussard said haven't even discussed It with Rem" The Jack London station will replace the current Amtrak depot at 16th and Wood streets The fete of die Agjng depot was sealed by severe damage from die 1989 LomaPrieta earthquake The port hosted groundbreaking ceremonies in October 1992 with die hope of having an interim station open by Juty 1993 and a permanent replacement a year later When Emeryville jumped ahead with Its depot which has been serving longdistance pas-' senger trains since it opened in August 1993 die port decided to mfap die interim station idea and have die permanent facility realty fry December 1993 But the project was pushed back six months when die coats of moving and redesigning Southern Pacific Rail Corp trackway in front of and leading to the station came in about $4 million over budget Since then litany of de- to Oakland" style CEO: Eventful three months at helm Continued from page C-1 lays due to cost overruns and odier problems have delayed the station which die port at one point had hoped rto open last Juty i Meanwhlltheneighborlng dty of Emeryville took less than two years to plan approve build and open da own amallcr and less grandiose Amtrak depot Just lhe tracks SHCMark Diversified submitted the low bid for the Jack London Railway Station at Em-barcadero and Alice The bid edged SJ Amoroso Construction-' "We tried to reduce the coats Without changing die ordinal flavor" Osantowskl said The depot will be called die Jack London Square CX Del-hims Station it srlH bear the name ot the late Cotrell Lawrence Ddhuns the Pufiman car porter who helped oigmize die nation's first labor union founded and led by African Americans estate labor rtficials had suggested naming the depot after Dellums and port officials had been "considering It anyway" said spokesman Md Wax die marketplace With roughly $15 billion in assets "CalFed is too to compete with die Ukes of Bank of America or Wells Fargo and too big to serve as a specialty player That means die company either must find a sudor or start buying cither companies going to be acquired or la going to be an acquirer" he says of CalFed's destiny "Something's got to give one way or die other" erly Hills and his biography says he saved US taxpayers some $800 million by restructuring die thrift's portfolio He then tan a private Investment bank in Washington DC doubling the pans size through Harshfleld learned the cles of Wnanriai institutions at Citibank where he Worked in a wide array of positions for 13 years before Joining Household International the nationwide loan company He says he wanted to Join CalFed because he knew the Job would be tough- mss Before joining CalFed Harshfleld had served as head of First City Texas National Bank and his official biography credits him with rebuilding die insolvent institution Earlier he ran Columbia Savings and Loan In Bev BUYING A NEW HOME OR REFINANCING? was ah obvious challenge" he aays "It was work that needed to be done I have a love affair with taking business problems and getting results?" Florida sold off a big chunk of Shad loans worked to contain earthquake damage to several Southern California branches and announced annual losses of more than $140 milium Though company directors and some unhappy abarebolders alike gfve him high marks for 1 IcjiHfpahip and business acumwi Harshfleld says his tenure at CalFed merits a grade of only a or not an A because I set a couple of goals which I am not going to describe to you and they still need to be doneT he explains in a wide-ranging interview in a CalFed branch "Other thlqgs have gotten in die way "But I grade myself on goals I set when I start I don't make al- lowancca for changing priorities" One of those new priorities -caime quickly from outside the company and represents one of Harahflcld'stoughes challenges Just six weeks after Hanhfleld's arrival Herbert Sandler the chief executive of 1 Oakland-based Golden West Financial Carp Act to Southern California and asked to buy the company for $630 million That prompted a series of high-level meetings at CalFed's headquarters and on Wall Street as Harshfleld and his colleagues IRS OR STATE TAX PROBLEM? We can help resolve your problems! IFDIMIODIMIG Audft RepratantaHon ft Appeals raOf Roperty Saizura fi Ofltar In CompromiM STckUww Bank ft Mao GarnWnnwiii NaaoHatlon Of Fadaicl ft Slaw taymant Ran Vac Reparation Labor Boaid Hearingi Poyrol ft leV Cmploymenl fac Stale Board a Equaftnlon State of CaVH The following options arehow available from West Coast Mortgage for individuals or couples who are purchasing a new home or refinancing their present one: ASSOCIATED TAX SERVICES (510)848-8812 2000 PoweISf suite T200 Emeiyvlto CA mm asm? mwwiau HOW PURCHASE OR EFINANCE: REFINANCE: "VA" Veteran Administration Loans REFINANCE ONLY: "STREAMLINE This program is for the borrower whose current loan is up to 100 of current home appraised -value but the original home purchase loan was 80 or less The Frogiain The (Mdbim" Fkogc IW1v(0Mll0lflflMNlVOMnNUlt fonOHWhflhlVilM MiptttantloMMfctulSwwfc iMlfhtftolaM thaw who Rv Indlrkliul Nalzilionel Coemecling fcc IIiom who hsvi ipKW iMtdi PURCHASE OR REFINANCE "VA or FH PURCHASE ONLY 1ST TIME HOME BUYER PROGRAM COMMUNITY HOME BUYER PROGRAM 5 Total Dowri Payment Required 3 from Buyer and remaining 2 can be gift funds Bduvior Education Oasaea WELLNESS MEDICAL GROUP COMMJSTE MEDICAL WEIGHT MANAGEMENT SBEVICES HAYWARD (51S)347-Va44 Akoewwetaiiwjawkwtyi PURCHASE OR REFINANCE: or FHA" 1ST TIMECOMMUNITY HOME BUYER PURCHASE ONLY STANDARD CONFORMING AND JUMBO LOAN PROGRAMS 050 (fee? mmmGmom adopted a strategy to keep the company independent Harshfleld says he thought loss-ridden CalFed eventually would make a good merger can didate but die timing duught Mm off guard He figured suitors would arrive once CalFed added capital and significantly reduced I its portfolio of problems loans thought something like that would happen over time but not dlls quickly" Harshfleld says very premature" Nevertheless Sandler's pro posal continues to doj Harshfleld' a determined former race car driver who gave up die sport after a life insurance com- pany Insisted Despite the stiff -arm he got from CalFed's board of directors Sandler says 1m still wants to buy "the struggJlng SAJs 6ther Button -v also have expressed Interest in CalFed and would plihost certainty put in their bids If Sandler made an actual tender offer v--in- die meantime some of Harshfleld's most Important In-vestoro say they want to sell to Sandler rather than hang on and see if Harahfleld'a performance as chief executive will Increase the value of their investment But Harshfleld stands firm He doesn't to sell and isn't even readty to talk to Sandler Not now anyway He criticizes Sandler's seven-page merger proposal aa a non-offer baaed on a false price but won't say how much ft would take to buy die firm As JM sees it CalFed needs more to rebuild Ooce tbe overhaul is complete the company wdl be worth for more than tta fagging stock price of only 815 a share down from a 52-week high of $2350 Two years Ago the stock wae worth more1 than $100 a share A veteran banker and turnaround specialist Harshfleld understands die bard realities of PAYMENT 45 BUYER DOWN PAYMENT 1ST DEED OF TRUST 5 GIFT FUNDS FOR DOWN PAYMENT 9 R9L RUVPD nnuuSFwAVMCMT 10 WEST COAST 2ND DEED OF TRUST 15 SELLERfonBBL OF TRUST WEST MAST WDEEpcy TRUST- 80 WEST COAST 1ST DEED OF TRUST 5 20 GIFT FUNDS FOROOWN PAYMENT 80 WEST COAST 1ST KED OF TRUST 3 100 VA-WEST COAST 1st DEED OFTRUST i- pm Available whether we prepare your return or not 86 $500400 80 $700400 100 $184000 VA $500)00 SMamlna Refinance 1 97 $203150 1st ThiMCommunity Hama Buyar $151700 FHA 95 $30000 PurriMNorRaflnanca 90 tMQflOQ Purohass or Refinance 75 $1400400 $1400400 70 Purchase or Refinance Purchase or Refinance Purchase or Refinance Purchase or Refinance Purchase or Refinance Purchase or Refinance 65 $240040Q 50 $3400400 KOR BBJOCK CALL TODAY FOR FULL DETAILS 1 -800-4 79-4161 Mortgage Broker Licensed by the GA Dept of Real Eetafo Check Your Phone Book For The Location Nearest You Mtjdu1 1 am rJi.