A swap meet proposed for a Thousand Oaks office park has been rejected by the City Council.

The Council voted 3-2 on Tuesday night to deny a special use permit for the Thousand Oaks Marketplace, an 88,000-square-foot swap meet planned for 2300 Corporate Center Drive in the city’s Newbury Park neighborhood.

Manny Asdurian, a longtime Conejo Valley developer, had signed a seven-year lease for the space and planned on spending about $300,000 to create locked booths for about 150 tenants. The marketplace would have been the first swap meet in the Conejo Valley and had been recommended for approval by the city’s planning commission.

Mayor Claudia Bill-de la Peña was one of the two dissenters on the council, along with Councilman Al Adam. She told the Business Journal that she favored moving ahead with the business, because it met all applicable city codes.

“It’s not about the (tax) money,” she said. “It would have been a use that our ordinance allows.”

Councilmembers Andy Fox, Jacqui Irwin and Joel Price rejected the plan.

Mickey Reiser, Asdurian’s business partner, told the Business Journal he was disappointed by the decision but the proposal wasn’t dead.

“We’re working with brokers to look at other buildings in Ventura County, but we go on. The community marketplace will open up; it just may not be in Thousand Oaks.”

There is no appeal of the Council’s decision.