Don't know if any of you have been following the story, but here's a new article regarding what is happening over in Half Moon Bay. Web Link
Why do I feel that this is an important lesson for Pleasanton? Because some uninformed Oak Grove opponents have written here in the past with two thoughts. That 1) the voters will be able to create regulation that will prevent development of Oak Grove and that 2) somehow the Lins will just give their property over to the City as a tax writeoff.
The Half Moon Bay issue is a prime example of how the actions by a city (through regulation or otherwise) could be interpreted as violating the Fifth Amendment and what results from that. If anyone thinks that referending the Council decision and passing the initiative is somehow going to "Save the Hills" from development, think again. The first time the 98 homes plan was referended, there was no initiative "attached" to it. The development plans went back to the drawing board. Does anyone believe that will happen again here?
How much is the Oak Grove property worth undeveloped? Maybe about $50 million? Does Pleasanton have the ability to pay that amount?