Local News in Brief : Fountain Valley : Big Hurdle Cleared for New Industrial Park
After nearly a year of challenges, the last hurdle appears to have been cleared for a major industrial park near Euclid Street and Talbert Avenue.
The City Council voted Tuesday night to update the development agreements between the city’s Community Development Agency and tenants who plan to move to the park, according to City Manager Judy Kelsey.
The original agreement was approved Sept. 1, 1987, but was delayed for a year after a citizens group challenged the development through an unsuccessful referendum.
Kelsey said the council’s action put the project back into escrow, clarified some of the language in the agreements and outlined a better way to drain the park site. She said the prospective tenants include the Price Club and a major firm which plans to assemble computers there.
The park is to be built in phases over the next 15 years. Upon completion, it is expected to provide up to 14,000 new jobs.
Citizens for Maintaining the Quality of Life in Fountain Valley’s Environment had opposed the project because, they said, it would generate too much noise and traffic.
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