VTA scuttles seizure of San Jose tower site — delay may hurt project

VTA scuttles seizure of San Jose tower site — delay may hurt project

9 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/01/31/bart-vta-real-estate-transit-build-develop-buy-sell-train-house-home/

SAN JOSE — A transit agency has scuttled plans to seize a prime site near a future BART station in downtown San Jose where a housing highrise is being eyed — but the delays and uncertainty may torpedo the tower proposal.

The Santa Clara Valley Transportation Authority filed a lawsuit in 2022 against the owner of a downtown San Jose site with addresses of 17 through 31 East Santa Clara Street, seeking to take ownership of the property through eminent domain.

VTA scuttles seizure of San Jose tower site — delay may hurt project

Wed Jan 31, 6:22pm UTC
https://www.siliconvalley.com/2024/01/31/bart-vta-real-estate-transit-build-develop-buy-sell-train-house-home/ > SAN JOSE — A transit agency has scuttled plans to seize a prime site near a future BART station in downtown San Jose where a housing highrise is being eyed — but the delays and uncertainty may torpedo the tower proposal. > The Santa Clara Valley Transportation Authority filed a lawsuit in 2022 against the owner of a downtown San Jose site with addresses of 17 through 31 East Santa Clara Street, seeking to take ownership of the property through eminent domain.