Common Lens is Vital for Public-Private Partnerships

Haddad: “We’ve spent a lot of time thinking about the space as a place where human relationships get born and opportunities arise for people to explore their potential.”

IRVINE, CA—Looking at collaborative projects from a master-planning perspective helps prevent issues down the road like traffic that do not work to benefit the community, FivePoint’s chairman and CEO Emile Haddad tells GlobeSt.com. One example is the first 53-acre phase of the highly anticipated Orange County Great Park Sports Park, which recently opened; the project is on track to become one of the largest public multisport facilities in California and one of the largest in the United States..

Built on the site of the former Marine Corps Air Station El Toro, the Sports Park is ultimately planned to be nearly twice the size of Disneyland and is the result of an innovative public-private partnership between the City of Irvine and FivePoint’s partnership, Heritage Fields El Toro LLC, which is spending approximately $250 million to improve, operate and maintain 688 acres of the Orange County Great Park and infrastructure serving the Great Park. The first phase is a world-class youth sports facility that complements the area’s award-winning schools, vibrant economy and well-planned neighborhoods that help Irvine rank consistently as one of the best places to live.