OAKLAND, Calif. – Days before the city was expected to give its approval for a large homeless shelter to be built in Chinatown, the proposed deal is dead.
Local nonprofit Cardea Health was lined up to run the “interim housing” site at the Courtyard Marriott on Broadway, a $20 million real-estate deal that would convert the hotel into 150 shelter beds for those experiencing homelessness.
The hotel was sold last year for $10.6 million, a value that took a nosedive in recent years amid the local hospitality industry’s decline…