The property is surplus land owned by the city of San Francisco.The Pleasanton City Council approved construction of aneight-building office complex on part of that acreage. In exchange,the city would get the remaining 330 acres back. But countyofficials, who can delay the deal by withholding approval of itsproperty-tax elements, say Pleasanton promised to help find apermanent stop for the Altamont Commuter Express train. They want aportion of the 500-acre parcel along Interstate 680 set aside.
The supervisors on Aug. 29 postponed its vote on the deal'sproperty-tax elements, and have said they may continue to do so. Ifthey do, it could kill the deal. The development partnership buyingthe land from San Francisco must pay the first $2 million of its$126 million price tag by the end of September.
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