The new community would include commercial and retaildevelopment, schools, libraries, entertainment centers and medicalfacilities along with 23,000 homes. The site is about 60 milesnorth of Los Angeles on the Kern County border near the junction ofInterstate 5 and Highway 138.
Bob Stine, CEO of Tejon Ranch, says the new town will requirethe partners to invest hundreds of millions of dollars ininfrastructure to plan and build schools, roads, parks, and otherdevelopment.
Tejon and its partners have formed a joint venture calledCentennial Founders. Besides Tejon Ranch Co., the partners areLewis Investment Co., Pardee Homes and Standard Pacific Homes.
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