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Was the Great Park/El Toro Marine Base Owned by The Irvine Company?
- Thread starter Legit949
- Start date
Only the land. The land was originally own by the Irvine Company and due to break out of WW2, government pressure Mr. Irvine to sell the land for the military base for only $100,000.
http://en.wikipedia.org/wiki/Marine_Corps_Air_Station_El_ToroIn May 1942, Lieutenant Colonel William Fox was directed to select the sites for all of the Marine Corps' West Coast air stations. The Marine Corps gave the owner of the land, a farmer named James Irvine Sr., $100,000 for 4,000 acres (20 km2) including 1,600 acres (6.5 km2) designated for a blimp base. Construction of MCAS El Toro began on August 3, 1942 on land previously owned by the Irvine Company. The company greatly resisted the station's construction at this site, which at the time contained the largest lima bean field in North America, which was the company's prime source of revenue.
Legit949 said:That is very interesting!!! Is there a reason The Irvine Company didn't get the land back once the Base was closed? Thank you again!
When the government takes your land they don't give it back. They sold it to Lennar for $649.5 million. http://www.ocgp.org/2005/04/lennar-communities-buys-el-toro-property/