The City Council has opened the way for implementation of a $300-million master-planned community at Ormond Beach by voting to sell 127 acres of beach property to Vista Pacific Development Co. of Los Angeles for $12.7-million, and to negotiate the sale of another 214 acres to the company.
The city had agreed to buy the total of 341 acres from Western LNG Associates, a utility consortium, which at one time proposed to build a liquefied natural gas terminal on the property.
According to Ed Jones, spokesman for Vista Pacific, the company has agreements with the majority of neighboring landowners to become the master developer of 1,800 acres.
The conceptual plan presented to the council shows that the land will be used for the building of resort hotels, a conference center, a golf course, retail center and light industry. Also proposed are 6,500 condominiums and single-family homes. Ground breaking is at least two years away, according to Steven L. McKinney, director of Oxnard's redevelopment agency.