In October of last year, the Coyote Valley Research Park'scampus plan was approved by the city of San Jose. Salinassubsequently filed a lawsuit under the California EnvironmentalQuality Act.
An agreement was reached this week under which the city ofSalinas will dismiss its lawsuit and support the corporate campusproject. The city will also assist the settlement of litigationfiled by the association of Monterey Bay Area Governments and hasagreed not to file further lawsuits against the corporate park.
The city of San Jose, park developers and anchor tenant CiscoSystems agreed to address various housing, transportation andeducation concerns raised by Salinas in connection with thelawsuit. CVRP and Cisco's obligations under the agreement willarise when the campus is developed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
