[CPEO-MEF] REUSE: New proposal for Great Park at El Toro Marine Corps Air Station, CA

[Lenny Siegel <lsiegel@cpeo.org>]

Developer offers to build O.C. Great Park for Irvine

By THOMAS MARTINEZ
Orange County Register (CA)
September 12, 2012

IRVINE - The developer who bought the El Toro Marine Corps Air  
Station is offering to build Orange County Great Park for Irvine,  
getting the endangered public project done - faster than expected and  
with a new focus around sports.

FivePoint Communities President Emile Haddad and city officials  
started negotiating the agreement in January. The deal would enable  
Haddad to salvage his huge real estate endeavor and allow the city to  
get the park built after the state yanked $1.4 billion in  
redevelopment funding.

Haddad's proposal would provide an additional $641 million to improve  
and temporarily maintain 1,000 of the park's 1,100 undeveloped acres.  
The entire park is about 1,300 acres.


...

For the entire article, see
http://www.ocregister.com/news/city-371212-park-haddad.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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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