The property is surplus land owned by the city of San Francisco. The Pleasanton City Council approved construction of an eight-building office complex on part of that acreage. In exchange, the city would get the remaining 330 acres back. But county officials, who can delay the deal by withholding approval of its property-tax elements, say Pleasanton promised to help find a permanent stop for the Altamont Commuter Express train. They want a portion of the 500-acre parcel along Interstate 680 set aside.
The supervisors on Aug. 29 postponed its vote on the deal's property-tax elements, and have said they may continue to do so. If they do, it could kill the deal. The development partnership buying the 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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