From http://abc7news.com/news/nonprofit-group-hoping-to-save-buena-vista-mobile-park-/701379/ http://abc7news.com/news/nonprofit-group-hoping-to-save-buen...

From http://abc7news.com/news/nonprofit-group-hoping-to-save-buena-vista-mobile-park-/701379/ http://abc7news.com/news/nonprofit-group-hoping-to-save-buen... The City of Palo Alto and Santa Clara County each has pledged $8 million toward purchasing the park from a private owner. Although $16 million was offered, it's well below the expected $30 million that the owners will probably net. http://www.paloaltoonline.com/news/2015/02/20/palo-alto-pledges-8m-to-preserve-buena-vista http://www.paloaltoonline.com/news/2015/02/20/palo-alto-pled... Since this has been going on for more than 2 years, it would have probably been better to use that $16 million to develop a separate property where they could relocate to as the trailer park is in a very expensive neighborhood where median sales price is about $2.65 million. To avoid more incidents like this, Palo Alto needs to make a more concerted effort to develop housing in order to bring down prices.