BELTLINE HISTORY
The Beltline includes the 22 acres of the railyard between Constitution Way and Sherman, the 7 acre corridor along Atlantic Avenue, two smaller parcels near Grand Street and a parcel near Sherman Street.
In 1924, when the City of Alameda sold its industrial railroad to the Beltline, the City and the Beltline agreed in writing that the City could buy back the Beltline property and all of its extensions for the price that the Beltline paid in 1924 so long as the City gave one year's notice.
On November 2, 1999, the City enacted ordinance 2817NS giving notice to the Beltline Railroad that they intended to repurchase on December 4, 2000.
The Beltline balked. On May 11, 2000 the Alameda Beltline brought a complaint for declaratory relief, injunctive relief and inverse condemnation, to which the City answered denying all of the complaints and cross complained for anticipatory breach, specific performance of the contract, constructive trust and declaratory relief.
The City lost its bid to purchase the land per the 1924 agreement and is now appealing.
