Newport Banning Ranch

Its been in the planning stages since the early 2000s.  Any indication that they are actually going to do it?  Did it finally get coastal commission approval? 
 
They're digging up all around the new park on PCH so something must be going on.

It's "ocean close" but hard to get to given surface streets. It's also all old oil property with active methane gas vents. I like being near the pacific, but there might be better places to buy given how the prices for these homes might come in at.
 
For a while, they proposed extending 19th street down to Banning ranch development.  From that, it is a straight, quick hop onto the end of the 55 fwy.
 
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