The following is an editorial from the Peninsula Daily Herald published on June 11, 1926.
Monterey looks forward expectantly to water-front development and commerce. Pacific Grove and Carmel look forward similarly to the development in Monterey.
The suggestion is not untimebly today that Monterey should look forward sufficiently to acquire at the earliest possible time the beach frontage known as the Del Monte bath-house property before its acquisition becomes a financial impossibility.
Deducting the railroad right of way, there are approximately 24 acres in this tract of land, a small part of which fronts Del Monte Avenue.
As the Del Monte Properties company has already drawn maps for the subdivision of that particular section, it behooves this city to plan negotiations for the entire property or see part of it sold in the near future, and most of it ultimately, and the city's opportunities for water-front development effectively blocked.
It is not reasonable to ask any private corporation to hold property indefinitely while it pays taxes and street improvements until a city is "ready" to buy.
A purchase at a reasonable price, which this assuredly is, that would safeguard the development of the waterfront near the new municipal wharf, and also in part, provide for the people of this growing city a section of park in the last location left in or adjacent to this city, is a move that would bring no regrets, at the time it was done and would in every year that passes redound further to the credit of those who had the foresight to command a situation when it lay in their power to do so.
One of the most prominent real-estate men of the Monterey Peninsula was interested in the possibility of the purchase of this property by the city two years ago. At that time he stated his conviction that the city could not make a better buy.
This is the only piece of property in the lower section of the "old town" that has not been materially increased in price since that time or entirely withdrawn from the market. The Herald has definitely ascertained that the waterfront may still be purchased by the city for $100,000 on almost any kind of terms.
This property is worth the price TODAY to the City of Monterey if purchased with park restrictions in perpetuity. It is worth double the price if the restriction is removed from the acreage between the easterly beach line of the city and the bath-house proper, so that when the day arrives when its use is necessary, it will be available.
If there is any sub-dividing to do it should be done by the City of Monterey carefully protecting its present and future interests and water-front development. The Del Monte Bath-house Property should be purchased, and the necessary negotiations for that purchase should not be delayed.
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