I don't know how you missed this one . . .
Some directors suggest focusing on expanding the balloon attraction rather than preparing the entire 1,347-acre site.
A strategy to develop the park in small sections stems from worries about funding for the park – of $200 million in developer fees paid by the Lennar Corp. and some small revenues from leasing out land – the Great Park Corp. is on track to finish the 2007-08 fiscal year with $66.3 million in the bank for park construction.
And before all the commenters who wanted an El Toro Airport (which would have been a $5 billion flop) start with "I told you so" here's what at least one anti-airport voice at the El Toro Info Site thinks of the situation.
Why is there a shortfall in the funding?
Posted by: | October 28, 2007 at 01:34 PM