19,000 homes approved to be built at Tejon Ranch

DKScott

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Been in the works for decades. Tejon Ranch is a publicly traded company and developing the ranch was always the main reason for the company. Sad to see but the money behind it is overwhelming. Expensive hunting, for sure and it was just an interim use, but it was nice to know that there was a block of 276,000 acres of prime habitat still intact.

Too many people in CA
 

GUNDOGLOVER

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It's kind of like the restrictive gun/hunting laws in this state. Pick away a little at a time until there is no place to hunt.
 

mjb

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What a pipe dream..... maybe in another 20yrs

No jobs, no hospitals or any infrastructure....this won't do shit for the housing crunch
 

sportyg

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time will tell 19,000 home that is one big project don't see everyone being able to work in the area, also had to laugh at the 50 low income homes guess they are going to sell for 300/400K... no way is that going to do anything to help the homelessness in the LA area.
 

DKScott

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BOWUNTR said:
Who the F is moving TO California??? Ed F
Very poor people and very rich people are moving here.

The hollowing out of the middle class continues as California continues on its way to becoming a socialist workers paradise.

As for the development being a pipe dream, I work in this industry and trust me its not a pipe dream, unfortunately. This is all about the initial phase of about 12,000 acres. The plan actually entitles 35,000 units with an estimated population of about 100,000 and includes all the required infrastructure, utility, commercial and institutional elements. The backers include home builders Lennar and TriPointe and the money of the Tisch family (Vornado Realty and Loews) - they know how to it. Think Irvine, Santa Clarita and currently 14,000 homes and support uses under development at Rancho Mission Viejo in San Juan Capistrano - all former large ranches. The building industry organizations and trade unions are also backing it. The project will be litigated (and lose) and one this size will build out over 20 years or more, but that will be 20 years of constant activity, building and selling.

Duckie, they will get the water where they always get it - the county and state will authorize sucking the area dry taking the water from those evil nasty farmers who waste it growing food for everyone.
 

mjb

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It's a pipe dream...... Developers always dream the biggest...

I can see some custom built vacation homes but not many.

Let's see where the money comes from & how much.
 

Zach

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DKScott said:
Who the F is moving TO California??? Ed F
Very poor people and very rich people are moving here.

The hollowing out of the middle class continues as California continues on its way to becoming a socialist workers paradise.

As for the development being a pipe dream, I work in this industry and trust me its not a pipe dream, unfortunately. This is all about the initial phase of about 12,000 acres. The plan actually entitles 35,000 units with an estimated population of about 100,000 and includes all the required infrastructure, utility, commercial and institutional elements. The backers include home builders Lennar and TriPointe and the money of the Tisch family (Vornado Realty and Loews) - they know how to it. Think Irvine, Santa Clarita and currently 14,000 homes and support uses under development at Rancho Mission Viejo in San Juan Capistrano - all former large ranches. The building industry organizations trade unions are also backing it. The project will be litigated (and lose) and a one this size will build out over 20 years or more, but that will be 20 years of constant activity, building and selling.

Duckie, they will get the water where they always get it - the county and state will authorize sucking the area dry taking the water from those evil nasty farmers who waste it growing food for everyone.
I think some of them farmers backed themselves into that corner.
 

TheGDog

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Ah yes... yet another vacation home/spot for Hollywood Elite and Tech Company heads who cashed-out, to go and live and complain about their pups getting stolen from their backyards by a never-ending onsluaght of 'yotes.

Ugh... probably means a ton of other low-income stuff will also go in... maybe in Frasier Park or, people driving in from Newhall/Saugas.

It's freakin' weird how humans will buy homes in remote, horrible places which have no nearby water or anything of general usefulness to humans. Like all those Fru-Fru "Resort-Living" housing tracts they are putting in along the 15Fwy like around Temecula Valley/Sedco Hills.

I look at that and think to myself, what dummy goes and buys a house in the middle of those totally barren hills?
 

El Maton

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socal duckie said:
Where’s the water coming from?
Same thing was said when they started building Los Angels back in the early 1900...look how that turned out.
 

DKScott

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You guys totally do not comprehend what this project is or the experience and financial muscle of the backers. Lennar alone sold 35,000 homes in 2018. Their 2017 revenues were about $12.5Billion. TriPointe Homes had 2017 revenues of about $2.6 Billion. I'm sure more publicly traded builders like KB, CalAtlantic, etc will be piling in as well. Look at Tejon Ranch Company's board of directors. They are not ranchers, they are developers and financiers. This is not that 1980's huckster pimping worthless acre lots at Lake Nacimiento (aka "California Pines"). Tejon Ranch Company is going to create a new city. Much of the housing will be medium to high density. It will generate much of its own employment, but is it only about 35 miles from Bakersfield as well as Santa Clarita and Lancaster. I know lots of folks with commutes longer than that in worse traffic. This is the first strike. There will be another 16,000 home phase under the current entitlements and I'm sure that's not the end of it. Its just the limit of the current planning.

http://www.centennialattejonranch.com/about/
 

BOWUNTR

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Can't wait to see the pile ups and backed up traffic on the grapevine... I'll have to settle on watching it on the news... Ed F
 

El Maton

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And how long before it becomes another Camp Fire and wipes the whole place out?
 

GUNDOGLOVER

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As for me they can and will eventually develop the entire ranch. At which point, the hunting there will come to an end. Actually it will end when those in the developments file law suits to end hunting there. Mark my word, it will happen. As for water, there is a big Ocean out there. Desalinization plants up and down the coast. Then the price of water will sky rocket. Carlsbad recently opened one. It's where the old power plant was.
 

BOWUNTR

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Can't wait to see the pile ups and backed up traffic on the grapevine... I'll have to settle on watching it on the news... Ed F
 
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