The park paid $1.5 million for the property, which was sold byShea Homes. In the past, the park has paid about $6,200 per acre inthe same area. This deal worked out to about $2,300 per acre. Theagreement completes two decades of acquisitions at Pleasanton Ridgeworth $25 million, the most that the park district has ever spenton land in a single area.
The new property, which will be included in the Pleasanton RidgeRegional Park, includes the top of a canyon that was previouslyearmarked for an 18-hole golf course, a restaurant and 2,100-unitapartment community.
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