SAN JOSE — A dispute between a powerful transit agency and a legendary real estate firm over the value of a downtown San Jose property needed for a future BART stop could wind up in a court trial.
In 2021, the VTA filed a lawsuit that sketched out the transit agency’s intention to grab the site through an eminent domain process. “Our appraisal depended primarily on comparable sales primarily west of First Street while the VTA tended to use comps from sales east of First Street,” said Norm Matteoni, an attorney representing the Swenson affiliate that owns the site.
The VTA hopes to seize the property as part of the quest to bring BART into San Jose’s urban core with one of two stations in the city’s downtown.
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