Redondo Beach officials have been negotiating for control of a portion of the Redondo Beach Pier.
Three organizations own leaseholds on the pier, and city officials have been talking with Redondo Horseshoe Pier Co. since December about buying the largest leasehold, which covers about 15,000 square feet of commercial space.
Ownership of the leasehold would give the city greater control over development on the city-owned pier, which was destroyed by large waves and a fire in 1988. A portion of the reconstructed pier is scheduled to reopen Feb. 11.
"We are approaching negotiations from a business standpoint and will make a decision based on whether it would make sense financially," said Redondo Beach Mayor Brad Parton.
Last summer, Redondo Horseshoe Pier Co. owner Steve Shoemaker, who holds the lease until 2033, announced he was putting his leasehold up for sale. He said he decided to sell it after city officials refused to let him put up what they considered undesirable attractions, such as a wax museum.
The leasehold was listed at about $2.5 million.