By Supervisor Todd Spitzer
(IRVINE, CA) The Irvine City Council voted unanimously at its Sept. 10 meeting to enter into final negotiations with a developer who has offered to develop nearly 700 acres of the Great Park.
The developer, FivePoint Communities, has offered to build more than 4,600 homes, sports fields, a public golf course, nature trails and a wildlife corridor. The builder would spend $174 million.
Voters approved the Great Park in 2002, but the offer by FivePoint is the first substantial offer to develop more than half the area since 2005.
“I am pleased that the City Council is making progress on developing the Great Park,” Supervisor Todd Spitzer said.