Negotiations have begun between the City of Redding and the McConnell Foundation to arrive at an agreement acceptable to both sides so that a hotel and restaurant may be constructed at Turtle Bay Exploration Park.
City administrators and McConnell officials met for a couple of hours at City Hall on Monday.
The foundation argued that buying only five acres from the city – the project's footprint – would be foolish, because it would not allow Turtle Bay to expand in the future without going through the process again.
The city, meanwhile, said they feel that the property is valuable, and they do not want to sell any more than necessary.
City Manager Kurt Starman said the two sides will probably meet again to discuss the matters further.
The negotiation is also designed to appease labor unions, who are currently claiming that the project is a prevailing wage job. Turtle Bay says it prices them out of the project.
Union Representative Andrew Meredith said they will fight the project unless the City of Redding gets true fair market value for the land.