Santa Fe continued its strategy of promoting large-scale development projects along the shorelines of Emeryville, Berkeley, and Albany. Its real estate subsidiary, Catellus Development Company, lost more court battles in the three cities before giving up in 1990. In 1998, with the state's finances recovering, voters approved two bond issues, one state and one regional, raising $40 million for purchasing land for the new Eastshore park. Also, a 1998 act in the California State Legislature authorized EBRPD to act for the state and use state funds to buy land for and operate the new Eastshore park.