This is obviously incredibly good news for the city, since a giant railyard would have killed development possibilities in and around the future Warm Springs BART Station.
SJ Business Journal broke the story. Read their blurb here.
Here’s the paragraph they put online for free:
The railroad, which purchased the property last December, wants to sell 94 acres of the northern parcel and 53 acres to the south, but the 94 acres will only be on the market for 12 to 15 months. If it is not sold within that time frame, UP may move ahead with plans to put the property to rail-related use as originally conceived, said Aaron Hunt, spokesman for Union Pacific.