Planned Tejon Ranch community included in Economic Opportunity Area
TEJON RANCH, Calif.--(BUSINESS WIRE)--Jun. 19, 2015--
Tejon Ranch Co. (NYSE: TRC) reported today that the Los Angeles County
Board of Supervisors has given final approval for a new Antelope Valley
Area Plan. This Plan is designed to guide future development and
conservation in the northern-most region of unincorporated Los Angeles
County.
In November 2014, the Board had indicated its intent to approve the Plan
and had instructed the County Counsel to prepare the final documents and
ordinances for final adoption. On June 16, 2015, the Board of
Supervisors, by a 4-1 vote, approved the final documents and ordinances
and formally adopted the new Antelope Valley Area Plan.
Tejon Ranch Co.'s proposed master planned community of Centennial is
included in the Antelope Valley Area Plan as part of what is referred to
as an Economic Opportunity Area where future development would be
directed. This particular Economic Opportunity Area, one of three in the
Plan, is located along Highway 138 in the western portion of the
Antelope Valley and encompasses the vast majority of Centennial's
proposed boundaries.
About Tejon Ranch Co.
Tejon Ranch Co. is a diversified real estate development and
agribusiness company, whose principal asset is its 270,000-acre land
holding located approximately 60 miles north of Los Angeles and 30 miles
south of Bakersfield.
More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150619005721/en/
Source: Tejon Ranch Co.
Tejon Ranch Co.
Barry Zoeller, Vice President, Corporate
Communications & Investor Relations
(661) 663-4212
bzoeller@tejonranch.com
