Summary
The city is selling 62 acres at 401/403 West Hillcrest Drive — including the old City Hall and Fireworks Hill — to the park district for $30.4 million, with proceeds earmarked for the downtown project. The development agreement freezes current zoning for 30 years, and the park district plans community uses and park improvements rather than new development.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jan 13, 2026.
Impact analysis
The city receives $30.4 million earmarked for downtown; residents' taxes won't change, and the park district will use reserves plus a loan repaid partly with developer fees.
Residents gain preserved parkland and open space near future housing, plus $30.4 million toward downtown improvements.
Critics like William Maple argue the public overpays for land originally donated to the city, and that historic preservation review was skipped.
Mentions & discussions (2)
Thousand Oaks City Council Regular Meeting (Closed Session) - Jan 13, 2026
The city is selling 401/403 West Hillcrest Drive — the old City Hall and Fireworks Hill — to the Conejo Recreation and Park District for $30.4 million, keeping it in public hands and funding the Downtown Thousand Oaks vision. A 30-year agreement locks in current zoning.
Planning Commission Regular Meeting - Jan 12, 2026
The city is selling 62 acres at 401/403 West Hillcrest Drive — including the old City Hall and Fireworks Hill — to the park district for $30.4 million, with proceeds earmarked for the downtown project. The development agreement freezes current zoning for 30 years, and the park district plans community uses and park improvements rather than new development.
Related development
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Thousand Oaks
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.