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Oakland council approves controversial Lake Merritt housing project

The Oakland City Council on Wednesday approved a deal to sell the controversial 1-acre parcel for $5.1 million to a developer planning a market-rate apartment complex. The deal was sealed after the developer, UrbanCore, agreed to pay $8 million into the city’s affordable housing fund, a “significant” win for the city, officials said.

Read more here:: Contra Costa Times