County Greenlights Lowe Plan for Air Station

IRVINE, CA-The Orange County Board of Supervisors on Tuesday approved a comprehensive agreement with Lowe Enterprises to entitle and develop more than 100 acres at the former Marine Corps Air Station El Toro in Irvine.

The agreement outlines a three-phased approach to developing the property.  The board approved funding for the first phase and the business plan. Included will be a determination of which types of development will be allowed on the property and completion of the required environmental reviews. The first phase of planning is estimated to cost about $7 million and take 24 months to complete, including development of a corresponding master plan to maximize development flexibility and revenue potential.