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After mulling it over with Boyce, the partners were on board.
But instead of 50 acres it would be 52 acres. And due to legal requirements, the land wasn’t free but ultimately was sold for less than two cents an acre for a grand total of $1.
The land was worth in excess of $2 million at the time
“Jack made it all happen,” Atherton said. “He’s why there is a Woodward Park and a South Manteca.”
For their part, Atherton and his partners clearly understood the city’s financial situation added a stipulation. There would be no strings attached to the donation of the 52 acres. They would pay the full freight of any park fee in place when they went to build a home. Typically when developers “gift” land for a park, school, fire station, or some other government facility they get credits equal to the value against growth fees collected for the purpose the land would be developed to serve such as a park. ....

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