El Toro sale hits environmental hurdles

[Lenny Siegel <lsiegel@cpeo.org>]

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A Quarter of El Toro May Be Tainted

The findings could form hurdles for interested developers, complicate
plans for the Great Park. 
Irvine, Navy say the project is on track.

By Daniel Yi and Jean O. Pasco
Los Angeles Times 
June 6, 2004

After years of study, state and federal officials have concluded that
about one-quarter of the former El Toro Marine base cannot be
immediately sold to developers because of concerns over toxic
contamination, recently released documents show.

The findings could complicate efforts to turn the 4,700-acre former
airfield into the Orange County Great Park - a mix of homes,
recreational facilities, offices and park land - some observers say. But
officials in the Navy and the city of Irvine, which annexed the base
last year, insist the project remains on track.

The contaminated or potentially polluted acreage, spread throughout the
property, will be leased - not sold - to developers who will be limited
in what they can do with this land. 

Because it is still unclear what the restrictions will be, developers
will have a difficult time calculating their investment risks, said Greg
Hurley, an environmental attorney working with several potential bidders.

...

for the entire article, see
http://www.latimes.com/news/local/orange/la-me-eltoro6jun06,1,7649578.story?coll=la-editions-orange 

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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