CALIFORNIA | LOCAL
January 25, 2005 | Daniel Yi, Times Staff Writer
Irvine is poised to direct as much as $1 billion in property tax revenue over the next four decades to redevelop the former El Toro Marine Corps base, a move some say would break a longtime promise that public money wouldn't be used for the project. The old base is being auctioned to developers, who are expected to build housing tracts and offices and set aside a swath of land that will be called the Orange County Great Park.