29 August 2017

City of Industry Reacquires Tres Hermanos Ranch

In a 4-3 vote last Thursday, the Successor Agency to the City of Industry's Urban Development Agency approved the sale of the 2,500-acre Tres Hermanos Ranch, originally acquired by the UDA forty years ago, to the City for $41.5 million.

Tres Hermanos Ranch from the south, March 2016.
Although there had been offers by the City and an Irvine developer of $100 million or more, the lower amount was approved on condition of guarantees by the City for public access to portions of the ranch, in addition to a proposed solar farm intended for the area.

Read more in this San Gabriel Valley Tribune article about the purchase.

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