Tuesday, June 5, 2018

LA County Building first New Freeway in 25 Years in Antelope Valley

The Los Angeles Times has reported that buying land and digging begins June 2018. That is correct Cal Trans and Joint Powers Authority has commenced the project for the freeway between Lancaster and Palmdale to San Bernardino. If you own land along P-8 you may be getting a call shortly. The $8 Billion dollar project will connect Hwy 14 to Interstate 15 along a 63 mile route. The environmental impact report has already been approved. This paves the way for land purchases along the route. They have $274 million set aside for land purchases via a sales tax increase from Measure M. Many are complaining about the environmental ecosystems of the burrowing owl, desert tortoise and kangaroo squirrel, but I failed to mention the Joshua tree and many other sensitive life. Many have squirreled away old land purchases in the hopes for development. Well the next few months you may get your opportunity. Much of the land along the route is barren unused land with little to no development in site especially along the eastern part of the valley. This land sells today for $1k/acre to a high of $2k/acre. Sellers may get more due to the need, but eminent domain may push the lower price based on recent sales. There is other land within the city limits of Palmdale and Lancaster that will fetch a much higher price, as the route moves mostly along P-8 and it will feed to the future High Speed Rail. If you have looked to sell or looked to buy then today maybe one of the best opportunities on the east side.

Thursday, May 17, 2018

High Desert Corridor Freeway Approved? Time to Buy Land along the Route

The high desert corridor freeway is set to connect from Sierra Hwy and then east to Interstate 15 in Adelanto San Bernardino County. The highway will essentially run by the Cal High Speed Rail Palmdale terminal and run along Ave P-8 in Palmdale. It runs along P-8 and makes a turn north of Sun Village then is will drop down south of Lake Los Angeles and run along Q-10 to Q-12 which are just south of Palmdale Blvd. It will run for miles east to Adelanto and Interstate 15 which connects to Las Vegas. The news about this toll road has been coming down the pike for several years, but now it look like it will actually happen. This will happen long before the Cal High Speed rail arrives in Palmdale. Buying land along this route looks to be a real steal as land along P-8 in Palmdale in mostly industrial land and we can acquire it for a low cost. Also land south of Lake LA going east is very cheap in today’s market. This maybe a time to buy the east side of Antelope Valley and hold for a short term price increase. Contact us at sales@vacantlanddeals.com if you interested in buying along this corridor. The future is now and eastern Antelope Valley maybe a buying opportunity at low prices.

Tuesday, April 24, 2018

The California Bullet Train Future May hang in the Balance This Election Cycle

Democratic California Governor Candidates approve of the train while the two leading GOP candidates oppose it. California voters approved Proposition 1A approving nearly $10 billion in bond money for the construction of the high-speed rail system yet since the 2008 vote the costs and overruns are taxing the State population. New polls who voters want their money to go elsewhere. There planned 119 Central Valley run has less obstacles, but future planned tunnels may cause environmental conscience voters to irk. The line from San Francisco to Bakersfield may not be operational until 2029. Costs continue to go up and Ion particular, there's cost and various other challenges posed by the tunneling through the Pacheco Pass, which the business plan termed "the critical link between the Silicon Valley and the Central Valley. Each time Sacramento gets new reports they all involve more money and more time. Democratic candidates want the spending to continue as well as labor unions. Public opinion has an opposing view. June 5, 2018 primary will decide which two gubernatorial candidates, regardless of party, advance to the general election Nov. 6. Front-runner Lt. Gov. Gavin Newsom has expressed concerns on the proposed rail plan. However, Antonio Villaraigosa, a Democrat and former Los Angeles mayor said in a statement he supports the rail project and claims "unlike others, his position has been consistent." California secured about $3.3 billion in federal stimulus funds in 2009 but has burned through about $2.5 billion of that money. Some say no sane investor would ever put money into this thing and the federal government cut off the spigot a long time ago. Some economist think tech worker may live in Bakersfield and commute by high speed to work if the train actually gets completed, but that is at least a decade away and billions of dollars in State debt. Can this train ever make money as a return on the investment? Private money managers say no. It is now up to the next governor to kill it, or keep running up the bills. Seems to be the only two avenues remaining.

Thursday, April 5, 2018

Is Marijuana Saving Adelanto?

Adelanto is in San Bernardino County just outside of Victorville, Ca. It has lost the Georgia Air Force Base in 92 and has not seen good times since. Recently the down was $2.6 million in the hole and they have elected to become a marijuana cultivation zone which is put them in the in the black or should we say green. The population according to the census is 33,000 with 1% in prison. It has been known as a prison city since it has a privately run detention facility as big employer. The city was founded about a 100 years ago by the inventor of the toaster and iron. The current population is about 50% Hispanic and 30% African-American, but almost half live below the poverty line. Around its 100 anniversary it joined Desert Hot Springs in allowing medical marijuana on an industrial scale. Land prices in the cultivation zone have sky rocketed 1000% from $300k to $3 million for parcels in the allowed area. The city has licensed 40 new facilities and it now rests its hopes on a weed. Currently eight states have legalized recreational marijuana and twenty nine approve medical use. Adelanto and other struggling cities in California are banking on a new “green wave”, which is a Federal crime. We will see if this sticks long term. Industrial hemp may have been a better first start as it is clearly a more green for the environment, while marijuana is a smoking drug with many issues that surround it.

Monday, March 12, 2018

Earthquakes and Southern Cal Water Problem

The Northridge 6.7 quake in 1994 cause many fire hydrants to run dry. This forced firefighters to use helicopters to smoother a major fire problem. In a doomsday situation of a 7.8 quake water could be cut off from the LA basin. The biggest quake was in 1857 and it measured 7.9 along the San Andreas Fault line. The fault line runs through along the San Gabriel Mountains at the south part of venue S in Palmdale crosses Hwy 14 and Sierra Hwy and runs through Quartz Hill. This is also is very close to the aqueduct. Los Angeles get 88% of its water from elsewhere via the aqueduct from the Colorado River, Owens Valley and the Sacramento River Delta. This water source cris-crosses the fault line 32 times. Experts have said that a major quake could cut off 22 million LA residences for months if not years. If a big one hit then is could damn the water flow and collapse concrete reinforcements cutting off some if not all of the pipes and water supply. This affects not only the LA basin but also Antelope Valley. Some of Southern California’s solutions have been to use electricity to pump the water over the mountains, reinforce the existing pipelines, building wider pipes, but each are very expensive and in some cases impractical. A new bond measures have been considered for taxpayers to fund a water-related seismic safety project.

Monday, March 5, 2018

The State is Going Nuts in Battle Over Water in the Central Valley

Water and Power the California Heist from National Geographic. This is a documentary first released in the spring of 2017 and available on Netflix. It tracks details of the Monterrey Amendments from 1994. This policy allowed Central Valley farmers, to be the current ecologically stewards of California’s water shed. It is a state policy to send water to southern California and to water bank it in aquifers for drought years. The film chronicles how Stewart Resnick bought dry useless land and turned it around with the Monterrey Amendment and has made billions from it. Resnick has become rich from land and water thus he runs Paramount farms and the Wonderful Company. He controls virtually all the almonds, pistachios and pomegranates in the in the US. Does the state need so much water for a few nuts? It is said it takes a gallon of water to produce one almond. Eighty to 90% of all California’s water is for agriculture and most of those goods are shipped out. So the next time the state says stop using water look to Stewart Resnick’s almonds and the rest of the US eating lettuce. Resnick’s firms and other Central Valley farming water bankers are controlling the water in these aquifers and are also trading it for a profit. Including pumping it to other areas, or farms they control, yet this is public water. The cost to others is double the pumpers costs. Additionally, taking all this water from aquifers is causing gigantic sink holes. These sinkholes in some cases are massive and take up miles of land and improvements on that land. It has been chronicled for decades what the drilling of water has done to the valley. The film is not just about the past but also about the future of water in the State. The same problem is taking place in Paso Robles in San Luis Obispo County. Big money firms are buying land to plant wine grapes. Some of the new growers Harvard for one says they don’t want the land or the grapes just the water, and the control of its distribution. Paso Robles used to have a huge aquifer beneath it but now it is dwindling. This is a democratic problem in a democratic state. Resnick is a huge Democratic donor to Hillary Clinton and many state candidates. This water heist is a disaster in the making. The ones who will lose has been the poor, and it will continue. Many small towns like Lost Pines has no municipal water, and wells are running dry, because an almond grower has sucked it all up So we ask do we really need that many almonds. Wouldn't banking that water be better served for public? If you have seen ads about California almonds, Wonderful Pistachios, POM Wonderful well those are Resnick’s firms.

Thursday, February 15, 2018

Turning an onion farm into Marijuana cultivation in Lancaster

The Los Angeles Times recently reported on farming entrepenuers the Selan or Wheeler farms plan on cultivating marijuana in Lancaster. They purchased 12 acres at an onion plant for 5.4 million. They in turn hope to buy more land to cultivate weed. They say most dispensaries don’t have enough supply of weed for their businesses. Regulations in LA County are very restrictive. Many have bought land for the plan to cultivate, yet city and county regulations may halt production. Making big land purchases a waste. The city of LA doesn’t appear to want cultivation nearby. That leaves it to smaller cities needing the tax revenue to survive. Lancaster voted in February 2017 to permit cultivation and manufacture of medical marijuana only. One thing the future planners in Lancaster can't do, is sell to the recreational market. They must have a connection to medical dispensaries. If you want to grow marijuana to the adult market well it can’t be in the city of Lancaster. You will have to go East to San Bernardino, or north to Mendocino County.