Former downtown property owners want cash: Lau family due $700K in failed condo deal

The former owners of a key Pacific Avenue parcel leveled by the Loma Prieta earthquake have threatened to re-open a six-year-old lawsuit involving the city if they don’t receive money or property outlined in a condemnation settlement that has cost developers more than $2 million. The demand from the Lau family for $700,000 or two …