L.A. County supervisors refuse to put the brakes on the 230-megawatt project despite the military contractor's contention that it would interfere with its radar testing operations.
The Los Angeles County Board of Supervisors denied a request from Northrop Grumman Corp. to delay final approval of a major solar project in the Antelope Valley near the military contractor's facility for testing radar evading stealth aircraft.
On a voice vote, supervisors rejected Northrop's appeal Tuesday, opting to let plans for the 2,100-acre complex of photovoltaic solar panels proceed. Final approval was expected Dec. 7, 2010.
Grumman argued that the project would "adversely impact the military mission" of the sensitive, 1970s-era testing center, just south of the Tehachapi Mountains in Kern County.
Antonovich noted that the project, AV Solar Ranch One, already has received a conditional use permit from the county regional planning commission.
The renewable energy developer, First Solar Inc. of Tempe, Ariz., has solid backing from area business, civic and government leaders, including Gov. Arnold Schwarzenegger, Sen. Dianne Feinstein (D-Calif.) and the mayors of Lancaster and Palmdale.
The 230-megawatt project would provide 400 construction jobs in an economically depressed part of the county, said Frank De Rosa, a senior vice president. Once completed in 2013, it would generate enough electricity to power 75,000 homes.
A solar energy generating plant is "the highest and best use for this particular property," said Mel Layne, president of the Greater Antelope Valley Economic Alliance.
The Daily News wire also reported on the story stating that a representative from Northrop Grumman said the 10 foot high photovoltaic panels would interfere with the contractor's testing of stealth aircraft. Northrop tests the B-2 bomber in the high desert and manages "several fully classified programs" aimed at creating the "next generation of stealth aircraft" in Palmdale, which would be adversely affected, said Leonard Figueroa, a director of engineering for Northrop. He said the projects at risk are secret and could not be publicly discussed.
The county's Regional Planning Commission approved the project on Sept. 15. Attorneys for Northrop Grumman did not file documents in objection until Friday. Attorneys for Northrop from Sheppard Mullin Richter and Hampton "just dropped off a stack of materials Friday afternoon," said Supervisor Michael Antonovich, adding that he found the last-minute timing "unprofessional."
Jack Rubens of Sheppard Mullin said experts needed time to review the Environmental Impact Report for the project, which they didn't receive
"The goal is to allow this project and others to go forward," said Rubens. But his client sought to delay the project until they could work out alternatives with the county.
Antonovich said he understood that the company was positioning itself to ask for payments from the county to mitigate the cost of making operational changes. The supervisor noted that public hearings were held in June and September and detailed the long history of the permitting process more than once during the discussion, trying to refute Rubens' allegation that the defense contractor learned of the project only after it was approved.
The supervisor added that he had no advance warning of Northrop's decision last January to move its headquarters and 300 to 360 jobs to northern Virginia. He learned of the move on the morning of the company's announcement to the press, he said.
The affected Northrop facility "directly supports programs employing 15,000 people in Los Angeles County," but only 15 employees work at the site, according to Figueroa.
The board's vote to allow First Solar Inc. to proceed with the project was unanimous.
Sunday, December 19, 2010
Wednesday, December 1, 2010
Los Angeles County Water Lawsuit and the Impact to the Land Investor
Superior Court Judge Jack Komar handed down his ruling in 2008 during the second phase of the Antelope Valley groundwater adjudication lawsuit. His ruling was that the entire Antelope Valley aquifer has” hydrologic connectivity”, and thus the entire aquifers are connected. This essentially will make it easier for the court to decide how much water can be removed annually. Once it actually decides. This lawsuit began in 1999 where Diamond Farming filed suit against Lancaster and Palmdale water entities over water rights.
It now involves hundreds in a class action lawsuit (case #1-05-CV-049053), and essentially all Antelope Valley property owners, and residents wishing to remove water from the aquifer.
According to the US Geological Survey the aquifers in Antelope Valley are recharged primarily by infiltration of stream flow that originates in the mountainous areas that surround the valley. The USGA estimated that from 1915 to 1950 average annual precipitation on the valley floor has been less than 10 inches, and runoff is minor. The maximum rate of withdrawal of about 400,000 acre feet per year was about 10 times the estimated annual recharge to the basin. An acre foot is about 325,850 gallons, or approximately the amount of water it takes to cover a football field to the depth of one foot. Water removed from storage in the aquifers has been a major part of the ground water withdrawals, and severe water level declines have resulted over the years. By about 1950, studies showed that ground-water withdrawals in the valley were greatly in excess of natural recharge and withdrawals were curtailed. Los Angeles County acquires water from numerous methods now.
Data indicates there is an abundant water supply in the valley. The primary sources of water are groundwater, surface water, and imported surface water while groundwater has been the primary source of water in the area. Prior to 1972, it provided more than 90 percent of the total water supply; after 1972, it provided between 50 and 90 percent. Groundwater is stored in the Antelope Valley Groundwater Basin and sources indicate it has an estimated capacity of 68 million acre-feet with a recharge rate of 31,200 to 80,400 acre feet per year. The primary source of surface water is the Littlerock Reservoir with a capacity of 3,500 acre feet. The imported surface water arrives from the State Water Project (also known as the California Aqueduct). Under the State Water Project the Antelope Valley-East Kern Water Agency is contracted to deliver 160,000 acre-feet per year to the Antelope Valley.
Los Angeles County has needed more and more water over the decades. William Mulholland found the water the growing city needed in the Owens Valley and constructed the aqueduct, but even more water has been demanded. According to Aquafornia’s website the Colorado River Aqueduct brings water from the Colorado River to Southern California for urban uses, and the Imperial Irrigation District operates the Imperial Dam and All American Canal, which supplies water for irrigation in the Imperial Valley. The State Water Project brings water from the San Francisco Bay Delta and delivers it to farmers in the Central Valley, as well as providing water for urban uses in Southern California. Los Angeles County has been able to grow via these water aqueducts, and Lancaster and Palmdale can benefit in their future growth also.
The Antelope Valley groundwater adjudication lawsuit will primarily impact farming and property owners on unincorporated Los Angeles County land, where water wells are the norm. The court outcome is unknown, but the leaning appears to be limited water extraction from the aquifer being more likely. Would that mean a meter on your well, farming limits, and reduced custom home development, possibly? This can also have an impact on the value of County land, where little to no water means lower prices. As Lancaster and Palmdale grow then these cities will need to annex more county land and thus providing access to city water. Better valued land investment would be land in or near the current city limits until this lawsuit is settled.
The last date for a court hearing was November 11th and the topic was (3) Motion by New Anaverde to Substitute Parties and Permit Filing and Service of Supplemental Cross-Complaint; (4) Notice of Related Case filed by Tejon Ranch Corp (Burrows v. Tejon Ranch Corp, Los Angeles County Superior Court, Case No. MC 021281), this is an issue the land investors need to be aware of and we will keep you informed here.
It now involves hundreds in a class action lawsuit (case #1-05-CV-049053), and essentially all Antelope Valley property owners, and residents wishing to remove water from the aquifer.
According to the US Geological Survey the aquifers in Antelope Valley are recharged primarily by infiltration of stream flow that originates in the mountainous areas that surround the valley. The USGA estimated that from 1915 to 1950 average annual precipitation on the valley floor has been less than 10 inches, and runoff is minor. The maximum rate of withdrawal of about 400,000 acre feet per year was about 10 times the estimated annual recharge to the basin. An acre foot is about 325,850 gallons, or approximately the amount of water it takes to cover a football field to the depth of one foot. Water removed from storage in the aquifers has been a major part of the ground water withdrawals, and severe water level declines have resulted over the years. By about 1950, studies showed that ground-water withdrawals in the valley were greatly in excess of natural recharge and withdrawals were curtailed. Los Angeles County acquires water from numerous methods now.
Data indicates there is an abundant water supply in the valley. The primary sources of water are groundwater, surface water, and imported surface water while groundwater has been the primary source of water in the area. Prior to 1972, it provided more than 90 percent of the total water supply; after 1972, it provided between 50 and 90 percent. Groundwater is stored in the Antelope Valley Groundwater Basin and sources indicate it has an estimated capacity of 68 million acre-feet with a recharge rate of 31,200 to 80,400 acre feet per year. The primary source of surface water is the Littlerock Reservoir with a capacity of 3,500 acre feet. The imported surface water arrives from the State Water Project (also known as the California Aqueduct). Under the State Water Project the Antelope Valley-East Kern Water Agency is contracted to deliver 160,000 acre-feet per year to the Antelope Valley.
Los Angeles County has needed more and more water over the decades. William Mulholland found the water the growing city needed in the Owens Valley and constructed the aqueduct, but even more water has been demanded. According to Aquafornia’s website the Colorado River Aqueduct brings water from the Colorado River to Southern California for urban uses, and the Imperial Irrigation District operates the Imperial Dam and All American Canal, which supplies water for irrigation in the Imperial Valley. The State Water Project brings water from the San Francisco Bay Delta and delivers it to farmers in the Central Valley, as well as providing water for urban uses in Southern California. Los Angeles County has been able to grow via these water aqueducts, and Lancaster and Palmdale can benefit in their future growth also.
The Antelope Valley groundwater adjudication lawsuit will primarily impact farming and property owners on unincorporated Los Angeles County land, where water wells are the norm. The court outcome is unknown, but the leaning appears to be limited water extraction from the aquifer being more likely. Would that mean a meter on your well, farming limits, and reduced custom home development, possibly? This can also have an impact on the value of County land, where little to no water means lower prices. As Lancaster and Palmdale grow then these cities will need to annex more county land and thus providing access to city water. Better valued land investment would be land in or near the current city limits until this lawsuit is settled.
The last date for a court hearing was November 11th and the topic was (3) Motion by New Anaverde to Substitute Parties and Permit Filing and Service of Supplemental Cross-Complaint; (4) Notice of Related Case filed by Tejon Ranch Corp (Burrows v. Tejon Ranch Corp, Los Angeles County Superior Court, Case No. MC 021281), this is an issue the land investors need to be aware of and we will keep you informed here.
Saturday, November 6, 2010
California High Speed Rail to Break Ground in Central Valley in 2011 and Eventually Tracking a Path to Palmdale, Ca. But, Is It a Train to Nowhere?
The Federal Government seems to be forcing the hand of The California High Speed Rail Authority. Recently, the Feds provided $715 million toward the rail system. The CalHighSpeed Rail Authority press release this week stated that the Federal Railroad Administration forwarded their requirement that the full amount of the $4.3 billion be allocated to infrastructure investment for the proposed system in California’s Central Valley. These funds have to be directed to the rail lines from Merced to Fresno or Fresno to Bakersfield. These funds were part of the American Recovery and Reinvestment Act, and California has received more funds of this type then any other State.
We wonder if this is choreographed or a knee jerk political reaction by the Obama Administration to reward California for staying in the Democrats Camp. GOP elected Rep. Mica trashed the idea of having the federal government continuing to fund a Tampa to Orlando high speed rail line, as he spoke to the Associated Press this week “I am a strong advocate of high-speed rail, but it has to be where it makes sense,” Mica said. “The administration squandered the money, giving it to dozens and dozens of projects that were marginal at best to spend on slow-speed trains to nowhere. The Republicans and the Obama Administration differ in how to pay for fast trains as a Republican Congress wants the rail transportation system to be self supporting, but the Obama Administration expects states like Ohio and Wisconsin to absorb operating losses for their rail systems. California lacks the funds to absorb losses. The newly elected Governor of Ohio John Kasich said via news reports that “the train is dead” He was referring to the Ohio slow passenger train from Cincinnati, Columbus and Cleveland. Also, The Wisconsin Republican Governor Elect Scott Walker promised to cancel the Wisconsin High Speed rail (Milwaukee to Madison). BizTimes Daily reported this week that the Wisconsin Dept. of Transportation told contractors to halt work on the $810 million project.
The California High-Speed Rail Authority CEO Roelof van Ark said in their press release
“The Central Valley is indeed key to creating the core of a true high-speed rail system in California, as that is where our trains will travel truly high speeds of 220 miles per hour,” van Ark said. “But no matter where we start building, the goal remains the same: a statewide high-speed rail system up and running in 2020 connecting the Bay Area with the metropolitan area of Los Angeles and Anaheim, that creates thousands of jobs, improves air quality, and provides us all with a cheaper, faster and more convenient way to travel.”
The Mercury News indicated that the agency says it could build just half of the 50-mile track from San Francisco to San Jose section with the funds available while they can build the entire 60 miles Merced to Fresno corridor or 113-mile Fresno to Bakersfield span. In Southern California, the authority thinks it could build two thirds of the 30 mile stretch. "We have to build a system that is going to be operable as soon as possible and that means building many miles of track that are connected to each other," van Ark said.
But a Central Valley segment will have no operational significance van Ark said major population centers need to be linked and the agency will not bother starting service there.
"We will not have trains when we build this first segment," he said. CalHighSpeedRail Authority release also indicated that they will discuss target constructions locations and other business in their next meeting in December.
We have tempered our celebration since at first glance this would be a track to nowhere, with only rails, bridges, with empty stations, and no train or passengers. This is not a proposal that a Republican influenced Congress would approve as it will not pay for itself. Would Governor Elect Brown call this living within our means? Would the Chinese Banks cover the additional funds needed?
A possible land investment opportunity could be buying land ahead of the rails especially near Fresno, Ca. as that city is certain to be on the trains map. We will keep track of this news and events as it progresses.
We wonder if this is choreographed or a knee jerk political reaction by the Obama Administration to reward California for staying in the Democrats Camp. GOP elected Rep. Mica trashed the idea of having the federal government continuing to fund a Tampa to Orlando high speed rail line, as he spoke to the Associated Press this week “I am a strong advocate of high-speed rail, but it has to be where it makes sense,” Mica said. “The administration squandered the money, giving it to dozens and dozens of projects that were marginal at best to spend on slow-speed trains to nowhere. The Republicans and the Obama Administration differ in how to pay for fast trains as a Republican Congress wants the rail transportation system to be self supporting, but the Obama Administration expects states like Ohio and Wisconsin to absorb operating losses for their rail systems. California lacks the funds to absorb losses. The newly elected Governor of Ohio John Kasich said via news reports that “the train is dead” He was referring to the Ohio slow passenger train from Cincinnati, Columbus and Cleveland. Also, The Wisconsin Republican Governor Elect Scott Walker promised to cancel the Wisconsin High Speed rail (Milwaukee to Madison). BizTimes Daily reported this week that the Wisconsin Dept. of Transportation told contractors to halt work on the $810 million project.
The California High-Speed Rail Authority CEO Roelof van Ark said in their press release
“The Central Valley is indeed key to creating the core of a true high-speed rail system in California, as that is where our trains will travel truly high speeds of 220 miles per hour,” van Ark said. “But no matter where we start building, the goal remains the same: a statewide high-speed rail system up and running in 2020 connecting the Bay Area with the metropolitan area of Los Angeles and Anaheim, that creates thousands of jobs, improves air quality, and provides us all with a cheaper, faster and more convenient way to travel.”
The Mercury News indicated that the agency says it could build just half of the 50-mile track from San Francisco to San Jose section with the funds available while they can build the entire 60 miles Merced to Fresno corridor or 113-mile Fresno to Bakersfield span. In Southern California, the authority thinks it could build two thirds of the 30 mile stretch. "We have to build a system that is going to be operable as soon as possible and that means building many miles of track that are connected to each other," van Ark said.
But a Central Valley segment will have no operational significance van Ark said major population centers need to be linked and the agency will not bother starting service there.
"We will not have trains when we build this first segment," he said. CalHighSpeedRail Authority release also indicated that they will discuss target constructions locations and other business in their next meeting in December.
We have tempered our celebration since at first glance this would be a track to nowhere, with only rails, bridges, with empty stations, and no train or passengers. This is not a proposal that a Republican influenced Congress would approve as it will not pay for itself. Would Governor Elect Brown call this living within our means? Would the Chinese Banks cover the additional funds needed?
A possible land investment opportunity could be buying land ahead of the rails especially near Fresno, Ca. as that city is certain to be on the trains map. We will keep track of this news and events as it progresses.
Monday, November 1, 2010
California Lands the Worlds Largest Solar Project in Ivanpah, San Bernardino County
Ground is to be broken for a massive solar thermal plant in California’s Mojave Desert this week. It is called the Ivanpah Solar Electric Generating System. The Estimated cost is two billion and the first to be built on Federal Land (Bureau of Land Management). It has passed a number of environmental hurdles, but it does impose on the desert tortoise habitat. The company operating the system BrightSource Energy indicated via press reports that they will assist in the relocation of the tortoise.
This project is truly massive as it encompasses about 3,600 acres (about 1,458 hectares) and it will involve 346,000 mirrors, each about the size of a billboard. The mirrors project the suns rays toward a 460 foot tower. The heat turns the fluid in the tower into steam which generates electricity. Construction begins next week and it is expected to be completed by 2013 according to the Los Angeles Times. It should produce 370 megawatts which can supply 140,000 homes with the energy being furnished to Southern California Edison and PG&E. There is actually a rush to begin this project and several other solar projects by the end of 2010 as a federal financing program will cover up to 30 percent of the construction cost, but it must begin by the end of the year news reports indicated. According to BrightSource Energy’s website there will be additional new financing from NRG Energy of $300 million which secures NRG as the largest ownership stake in the project. Both companies with Bechtel Corp will work together on construction, equity, ownership and operation.
Ivanpah is approximately fifty miles northwest of Needles, Ca and five miles west of the Nevada border in San Bernardino County. It is just off Hwy 15 and 164. There will be approximately one thousand construction workers on the project, which will be set to begin this winter season, as summer temperatures in Ivanpah can be 110 degrees on average.
There isn’t a town in the area as this location is just open desert land with the only current signs of civilization being a rail road and highway. The opportunity in the immediate future maybe to build a general store to supply the new workers as there isn’t any real development in this area now.
Today Southern California’s Mojave Desert has two of the world’s largest Green Energy projects with the Mega Wind project (Alta Wind Energy Center) in Tehachapi and now Ivanpah. Both of these locations were vacant unused and undeveloped land parcels, so the opportunities for land investors are in this Antelope Valley region. Profitable land investment opportunities are growing in this area and we will continue to inform you here as projections progress.
This project is truly massive as it encompasses about 3,600 acres (about 1,458 hectares) and it will involve 346,000 mirrors, each about the size of a billboard. The mirrors project the suns rays toward a 460 foot tower. The heat turns the fluid in the tower into steam which generates electricity. Construction begins next week and it is expected to be completed by 2013 according to the Los Angeles Times. It should produce 370 megawatts which can supply 140,000 homes with the energy being furnished to Southern California Edison and PG&E. There is actually a rush to begin this project and several other solar projects by the end of 2010 as a federal financing program will cover up to 30 percent of the construction cost, but it must begin by the end of the year news reports indicated. According to BrightSource Energy’s website there will be additional new financing from NRG Energy of $300 million which secures NRG as the largest ownership stake in the project. Both companies with Bechtel Corp will work together on construction, equity, ownership and operation.
Ivanpah is approximately fifty miles northwest of Needles, Ca and five miles west of the Nevada border in San Bernardino County. It is just off Hwy 15 and 164. There will be approximately one thousand construction workers on the project, which will be set to begin this winter season, as summer temperatures in Ivanpah can be 110 degrees on average.
There isn’t a town in the area as this location is just open desert land with the only current signs of civilization being a rail road and highway. The opportunity in the immediate future maybe to build a general store to supply the new workers as there isn’t any real development in this area now.
Today Southern California’s Mojave Desert has two of the world’s largest Green Energy projects with the Mega Wind project (Alta Wind Energy Center) in Tehachapi and now Ivanpah. Both of these locations were vacant unused and undeveloped land parcels, so the opportunities for land investors are in this Antelope Valley region. Profitable land investment opportunities are growing in this area and we will continue to inform you here as projections progress.
Wednesday, October 13, 2010
Virgin Galactic First Manned Free Flight Debuts in Kern Counties Mojave Air and Spaceport
The first free flight of the SpaceShipTwo (VSS Enterprise) craft began this week after a series of captive carry flights. The captive carry flights are flights where SpaceShipTwo is attached to its mother ship WhiteKnightTwo (aka:Eve after Sir Richard Branson’s mother) which took place earlier this year in March. The free flight confirmed that the VSS Enterprise’s flight systems were all functioning correctly. News reports quote the pilot Peter Siebold saying “That was a real joy to fly,” “especially when one considers the fact that the vehicle has been designed not only to be a Mach 3.5 spaceship capable of going into space but also one of the worlds highest altitude gliders.” Virgin Galactic plans to enter into commercial operations once all testing is complete. The craft will be taken up to a high altitude by a conventional plane then released at which point, a rocket booster will propel the craft out of the atmosphere. Its reentry would be similar to NASA’s Space Shuttle with a controlled glide to a predefined landing point
It took place in California's Mojave Desert at the Mojave Air and Space Port in the center of Mojave, Ca. between Hwy 14 and Hwy 58 and just north of Edward Airforce Base in Kern County. Flight testing activities have been centered in Mojave since the early 1970s as there is limited population. In addition, being near Edwards Airforce base restricted airspace is ideal for testing. It is also been an emergency landing site for the Space Shuttle, and a famous moth ball fleet site of unused commercial planes covering the horizon. The FAA has given the airport spaceport status through 2014. It has recently gained fame as a Spaceport with Virgin Galactic but other private space companies like XCOR Aerospace a rocket engine and spaceflight development company, Orbital a satellite launch and manufacturer, Masten Space Systems an aerospace startup company, and Interorbital Systems which is working on a line of launch vehicles aimed at winning the Google Lunar X Prize all call Mojave their home. The area has a sparse population but very high tech ambitions. This adds to Antelope Valley’s a reputation for flight as Palmdale, Ca Plant 42 was the original home of the B-2 Stealth Bomber.
Virgin Galactic $450 million project will eventually see six commercial vessels shuttling into space as Virgin Galactic has lined up some 370 customer deposits totaling some $50 million for what it will be the world’s first commercial passenger space flight operation. Each passenger gets the same seating position with two large windows, one side window and one overhead, so that, if you don't want to float free in space, and you'd rather just remain in your seat, you still get a great chance to see the view.
Lancaster, Palmdale and Mojave Ca. continue to promote high tech opportunities with homegrown technologies that can’t be outsourced. The growth in Solar, Wind, Aerospace and Space technology provide long term professional jobs within a commuting proximity to Greater Los Angeles. These are the types of signs of an expanding economy, and an investment opportunity to be ahead of the curve. Landbanking is based on buying and holding undeveloped land for the near and long term. Low priced land is available today in 2010 for a good potential profit in five to ten years.
It took place in California's Mojave Desert at the Mojave Air and Space Port in the center of Mojave, Ca. between Hwy 14 and Hwy 58 and just north of Edward Airforce Base in Kern County. Flight testing activities have been centered in Mojave since the early 1970s as there is limited population. In addition, being near Edwards Airforce base restricted airspace is ideal for testing. It is also been an emergency landing site for the Space Shuttle, and a famous moth ball fleet site of unused commercial planes covering the horizon. The FAA has given the airport spaceport status through 2014. It has recently gained fame as a Spaceport with Virgin Galactic but other private space companies like XCOR Aerospace a rocket engine and spaceflight development company, Orbital a satellite launch and manufacturer, Masten Space Systems an aerospace startup company, and Interorbital Systems which is working on a line of launch vehicles aimed at winning the Google Lunar X Prize all call Mojave their home. The area has a sparse population but very high tech ambitions. This adds to Antelope Valley’s a reputation for flight as Palmdale, Ca Plant 42 was the original home of the B-2 Stealth Bomber.
Virgin Galactic $450 million project will eventually see six commercial vessels shuttling into space as Virgin Galactic has lined up some 370 customer deposits totaling some $50 million for what it will be the world’s first commercial passenger space flight operation. Each passenger gets the same seating position with two large windows, one side window and one overhead, so that, if you don't want to float free in space, and you'd rather just remain in your seat, you still get a great chance to see the view.
Lancaster, Palmdale and Mojave Ca. continue to promote high tech opportunities with homegrown technologies that can’t be outsourced. The growth in Solar, Wind, Aerospace and Space technology provide long term professional jobs within a commuting proximity to Greater Los Angeles. These are the types of signs of an expanding economy, and an investment opportunity to be ahead of the curve. Landbanking is based on buying and holding undeveloped land for the near and long term. Low priced land is available today in 2010 for a good potential profit in five to ten years.
Friday, October 1, 2010
Is the California High-Speed Rail Coming Around the Corner?
AP Business news reported on Governor Swarzenegger’s trip to China promoting California products and tourism, but a main point on this overseas trip is to investigate high-speed rail technology and financing. The New York Times also reported in early April of this year about China negotiations with Sacramento to use their high speed rail technology to build the rail-line from Sacramento ultimately to San Diego. The proposed rail would initially be built from Los Angeles to Anaheim and San Francisco to San Jose and then expand from their (see cahighspeedrail.ca.gov). A future rail stop will also be in Palmdale Ca. In the AP News article the Governor was to travel from Shanghai to Nanjing using China’s speed train. Currently China has the world’s longest high-speed rail network spanning 4300 miles, and can run up to 220 miles per hour.
The Governor is also planning stops in Japan and South Korea to experience their high speed rail systems as they are also suitors to build the California Rail System. Interesting though South Korea and China learned the technology from France and Germany which have also presented proposals to Sacramento along with Italy and Spain. The Europeans are skeptical of Chinese technology, since its European grown, so there maybe some licensing issues. There may also be labor issues as Chinese labor laws do not favor the laborer. Yet, the Chinese have preliminarily agreed to abide by all US labor laws. The NY Times indicates the cooperation agreement would entail eighty percent of the components to come from American suppliers and assemble to be done in the US. A potential site would be the previous auto plant in Fremont Ca. thereby keeping most of the jobs in the State. The largest obstacle may be financing as the project is expected to cost $46 billion, but Chinese Banks may also be the solution. Up to $8 billion has already been pledged by the Federal Government as part of the Recovery Act. The Chinese have offered to also help further finance the project. Can the US afford such a large contribution in technology and financing from a foreign power? Can the State afford not to with 12 % unemployment? Would travelers actually take the train? There are many real issues that can derail this project, yet numerous governments are also fully behind it.
Many investors in Lancaster and Palmdale have been looking for signs of growth, so the potential for a rail line with the expansion of Solar and Wind technology in the Valley does show current and future expansion. The State Department of Finance is also expecting population growth from 2010-2015 to increase by 2 million and potentially an additional 18 million by 2040 with Southern California getting most of this growth. There looks to be speculative land opportunities still on the horizon, and Antelope Valley looks to benefit.
The Governor is also planning stops in Japan and South Korea to experience their high speed rail systems as they are also suitors to build the California Rail System. Interesting though South Korea and China learned the technology from France and Germany which have also presented proposals to Sacramento along with Italy and Spain. The Europeans are skeptical of Chinese technology, since its European grown, so there maybe some licensing issues. There may also be labor issues as Chinese labor laws do not favor the laborer. Yet, the Chinese have preliminarily agreed to abide by all US labor laws. The NY Times indicates the cooperation agreement would entail eighty percent of the components to come from American suppliers and assemble to be done in the US. A potential site would be the previous auto plant in Fremont Ca. thereby keeping most of the jobs in the State. The largest obstacle may be financing as the project is expected to cost $46 billion, but Chinese Banks may also be the solution. Up to $8 billion has already been pledged by the Federal Government as part of the Recovery Act. The Chinese have offered to also help further finance the project. Can the US afford such a large contribution in technology and financing from a foreign power? Can the State afford not to with 12 % unemployment? Would travelers actually take the train? There are many real issues that can derail this project, yet numerous governments are also fully behind it.
Many investors in Lancaster and Palmdale have been looking for signs of growth, so the potential for a rail line with the expansion of Solar and Wind technology in the Valley does show current and future expansion. The State Department of Finance is also expecting population growth from 2010-2015 to increase by 2 million and potentially an additional 18 million by 2040 with Southern California getting most of this growth. There looks to be speculative land opportunities still on the horizon, and Antelope Valley looks to benefit.
Monday, September 13, 2010
Centennial Touts High Profile Jobs and a Self Sustainable Town in Their Development Plan
Centennial’s recent newsletter indicated they plan to provide 1.3 jobs per household, or approximately 30,000 in all, over its 20-year development period. They indicated that their plan will ultimately cut down on the overall environmental impact of the area by using green technology. In their job creation they hope to attract higher educated professionals and higher wage earners in the scientific, and technical industries, but also to have opportunities for all skill levels.
Centennial commissioned LAEDC ( Los Angeles Economic Development Corporation)
to assist them in locating the best business prospects for the area in the coming years. The LAEDC indicated that construction would be the second highest target job sector. Centennial plans to need approximately 30,000 construction workers just to build the project over the 20 year building process. They are also hoping to attract a large secondary education institution, and a medical facility. In addition, due to the low prices of land in the Antelope Valley they hope to attract manufacturing businesses in the electronic fields. Low priced land and nearby services and facilities with a higher educated workforce should spurn education, healthcare and manufacturing development. Green technology is rapidly growing in Lancaster, Palmdale and Kern Counties with Wind and Solar, so it is already beginning. They expect a multiplier effect where one job produces the need for more jobs and services like retail, community services, and ideally these wage earners will wish to live in Centennial with likely 70,000 jobs created in the area over time. The nearby Tejon Industrial Complex where Hwy 5 and Hwy 99 meet at the bottom of the Grapevine employs one thousand people at IKEA, Oneida, and Famous Footwear, so they have history and success in their past developments.
It looks like Centennial has a real plan to build this upscale city. They intend to complete it slowly and methodically unlike other nearby city planners. We believe that as the development progresses the vacant land in this area will become more desirable and increase in price. We will keep you informed here to the progress in this area and land investment opportunities that arise. This is just another sign that the Antelope Valley shows good long term investment opportunities.
Centennial commissioned LAEDC ( Los Angeles Economic Development Corporation)
to assist them in locating the best business prospects for the area in the coming years. The LAEDC indicated that construction would be the second highest target job sector. Centennial plans to need approximately 30,000 construction workers just to build the project over the 20 year building process. They are also hoping to attract a large secondary education institution, and a medical facility. In addition, due to the low prices of land in the Antelope Valley they hope to attract manufacturing businesses in the electronic fields. Low priced land and nearby services and facilities with a higher educated workforce should spurn education, healthcare and manufacturing development. Green technology is rapidly growing in Lancaster, Palmdale and Kern Counties with Wind and Solar, so it is already beginning. They expect a multiplier effect where one job produces the need for more jobs and services like retail, community services, and ideally these wage earners will wish to live in Centennial with likely 70,000 jobs created in the area over time. The nearby Tejon Industrial Complex where Hwy 5 and Hwy 99 meet at the bottom of the Grapevine employs one thousand people at IKEA, Oneida, and Famous Footwear, so they have history and success in their past developments.
It looks like Centennial has a real plan to build this upscale city. They intend to complete it slowly and methodically unlike other nearby city planners. We believe that as the development progresses the vacant land in this area will become more desirable and increase in price. We will keep you informed here to the progress in this area and land investment opportunities that arise. This is just another sign that the Antelope Valley shows good long term investment opportunities.
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