[quote=spdrun]
Edit: apparently there have been proposals to develop this land, but have been tied up by NIMBYs. Will Qualcomm really be much better in this respect, especially since there may be fuel oil contamination on the land from the nearby tank farm?[/quote]
I grew up right above that Adobe Falls land, possibly in the house closest to the falls. My mother lived there for 50 years. While there rumors every few years of possible development for the property, it never got as far as a request for input from the land owners around the property. I have a vague recollection of the army corp of engineers, which has some authority over wetlands, killing a few proposals.