Excerpt: There is precedent for the city to sell off land in the course of a rezoning; however, it’s uncertain at this time what their plans are in the absence of a staff report. The ratio of city-owned land to privately held land could slightly change down to 78% – 22% (with further subdivision of city-owned lands). Regardless of the exact breakdown of city vs. private lands, the issue at stake here is one of transparency and process. A private developer stands to reap tremendous rewards by developing a project on land that is mostly in the public domain.
August 31, 2012 :