GOOD NEWS FOR NEWHALL RANCH

Great new for sustainable development in California.  A settlement has been reached in the decades long battle to build Newhall Ranch, a development in the Santa Clarita Valley city of Valencia.  Reportedly, the deal will allow the $13 billion, 21,500-home Newhall Ranch project, move forward without lawsuit entanglements from environmental groups.

FivePoint Holdings reached the deal with the Santa Ynez Band of Chumash Indians, the Wishtoyo Foundation, the Center for Biological Diversity, and the California Native Plant Society, which includes further protection of the endangered unarmored three-spined stickleback, a scaleless, freshwater fish.

Click here to read all the details of the welcome announcement.

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