The State - News from Sept. 17, 1989

A Jesuit order has sold a 1,100-acre plot of land in the Santa Cruz Mountains to a Hong Kong billionaire who plans to build a golf course on part of the land. The Hong Kong Metro Realty Co., headed by Dr. Stanley Ho of Hong Kong and the Lee family of Madison, Wis., agreed to pay more than $10 million for the property, which lies in an unincorporated area of Santa Clara County near Los Gatos. The rolling meadowland and redwood forest was the former home of Alta College, a Jesuit school, and has been owned by the Catholic order for several decades. The developers plan to build on 400 to 500 acres, leaving the rest open space.