Major Development Goes South
By Matt Regan
After many years and many millions of dollars invested in a proposed development that would have brought up to 25,000 new housing units and as many as 50,000 jobs to the Coyote Valley in the South Bay, a consortium of developers and landowners have decided that enough is enough.
Economic and political realities are to blame for the demise of the ambitious plan to develop a large parcel of land to the west of Highway 101 on the southern boundary of San Jose. The development team have lately been fighting an uphill battle in San Jose City Hall to win support for the project with the majority of Council members nervous about the impact costs of so many new residents in need of city services. Mayor Reed has also voiced these concerns and stipulated that at least 5000 jobs be in place before the first homes are built. This, twinned with the downturn in the housing market, appeared to be the last straw for Coyote Valley.
What is next for the site remains to be seen.