(Pictured is FivePoint Communities CEO Emile Haddad speaking with me).
Last night the Irvine City Council voted 3-2 to approve a proposed plan by developer FivePoint Communities to spend about $200 million toward building the Orange County Great Park. I was pleased to vote in favor of this project, along with my colleagues Mayor Steven Choi and Councilwoman Christina Shea. Below are excerpts from an Orange County Register article in which I’m mentioned:
Lalloway wanted the city to assume control of the park features right away once FivePoints begins to finish them starting in 2016, and not wait to vote on whether the city should take over at a later date. FivePoint had proposed handling the operations and maintenance through 2023, spending an estimated $10 million. Now, instead, FIvePoint will pay the city $10 million over time.
“I will defend to the death Irvine’s ability to run its parks,” Lalloway said before the vote.
Lalloway also wanted more improvements to Marine Way, the primary entrance to the park off Sand Canyon Avenue north of I-5. FivePoint already is obligated to make substantial improvements to the road, but the developer agreed to provide an additional $10 million worth of work on the entry’s …read more
Read more here: Councilman Jeff Lalloway