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Lake Forest Finances

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CALIFORNIA | LOCAL
April 21, 2000 | Alex Katz, (949) 574-4206
The long-awaited construction of the Portola Hills community's only planned park has hit another snag: There's not enough money to pay for it. County officials announced this week that original estimates of the cost to build Concourse Park on a breezy, seven-acre vacant lot with an ocean view were far too low. In a deal made with Portola Hills' now-bankrupt developer, the Baldwin Co., the county can cash in a $648,250 bond to pay for developing the park on Saddleback Ranch Road.
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CALIFORNIA | LOCAL
April 21, 2000 | Alex Katz, (949) 574-4206
The long-awaited construction of the Portola Hills community's only planned park has hit another snag: There's not enough money to pay for it. County officials announced this week that original estimates of the cost to build Concourse Park on a breezy, seven-acre vacant lot with an ocean view were far too low. In a deal made with Portola Hills' now-bankrupt developer, the Baldwin Co., the county can cash in a $648,250 bond to pay for developing the park on Saddleback Ranch Road.
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