X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MONTEREY, CA-A piece of land originally purchased by Caltrans to construct a highway bypass will now become a business park.

The change in plans is largely due to Assemblyman Fred Keeley (D-Boulder) and local commercial and residential residents, who championed Assembly Bill 43. The bill, which makes state money available for the project, was recently signed by Gov. Gray Davis.

Davis wrote a letter announcing the bill’s acceptance stating, “The Hatton Canyon bypass project, originally conceived in the 1930′s, would have constructed a four-lane freeway through beautiful, coastal property. I am pleased to announce, however, that after more than 70 years of debate, Caltrans, with support from local residents and regional transportation authorities, is canceling the Hatton Canyon bypass project.”

“I applaud the efforts of all those who participated in striking this tenuous balance between transportation needs and environmental integrity,” added Davis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.