If I had $50 million+, I'd orchestrate a hostile LBO of The Irvine Company and develop Orchard Hills as a private paradise for my IHB friends. Minimum lot size, 1 acre. No HOA, no Mello Roos and the only architectural guidelines would be that BK would have to give his approval. SoCal would be in charge of designing the family-friendly amenities, I'd let Momo have final say on any restaurants in the Orchard Hills Shopping Center and I'd name Mrs. IPO as headmistress of the private Orchard Hills Prepatory Academy (API of 999). Oh, and we'd turn some of that excess space into a firing range for Bix and whoever else wanted to use it.
Alas, I do not have $50 million.