Discovery may derail Alameda deal / Pricey development might not happen if 1924 contract is valid
Patrick Hoge, Chronicle Staff Writer Published 4:00 am, Monday, April 24, 2006
Quote:Alameda resident Jean Sweeney didn't like a developer's plan to build 200 houses on unused railroad land near her home, so she began a research odyssey that led her to railroad museums, local newspaper archives and records from the city's early days.
Her quest also led to something city officials had forgotten: In September 1924, the city sold a small rail line to two big railroad companies to create the Alameda Belt Line -- but with the proviso that the city could buy back the railroad properties at any time for the original $30,000 sale price, plus the cost of any added extensions and investments. [
www.sfgate.com]