Ventura County had sued Los Angeles County to block thedevelopment—the biggest in LA's history--citing the potentialadverse impact the project would have on Ventura County's traffic,water and air. The move by LA supervisors complies with the rulingby a Kern County Superior Court judge that the environmental impactof the project needs additional study.

Many Southland commercial real estate developers have beenfollowing the planned project closely, figuring that its more than50,000 new residents would need places to work, shop and play. LACounty must now determine if there is sufficient water for the hugedevelopment west of Valencia and pay closer scrutiny on how theproject would impact Ventura County.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.