2004 CPEO Military List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: 1 Jul 2004 20:17:19 -0000
Reply: cpeo-military
Subject: El Toro infrastructure costs
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Infrastructure Costs for El Toro Site Are Estimated to Be $40 Million Higher

By Daniel Yi
Los Angeles Times
July 1, 2004

Irvine officials now estimate that the city will need an additional $40
million to build roads and utility lines for their planned Great Park
because of delays in the sale of the land, site of the former El Toro
Marine base. 

The extra cost will not jeopardize Irvine's efforts to turn the
4,700-acre former airfield into a mix of homes, recreational facilities,
offices and parkland, officials said.

But it could reduce the amount of money the federal government gets for
the land, real estate experts say. Because infrastructure costs will be
borne mostly by developers who buy the land, they likely will bid less
to offset the higher expenses, the experts say.

The move is necessary because the Navy announced earlier this year that
the land will be sold in phases rather than in one auction as previously
planned. This means the work will cost more because of rising material
costs and financing costs, city officials say.


for the entire article, see


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

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