First Bids Made on El Toro Land
From a Times Staff Writer
The first bids to acquire parcels at the former El Toro Marine Corps Air Station were received Friday and each was for the minimum asking price, according to a government website.
An anonymous bidder offered $125 million for a 920-acre parcel on the northwest corner of the base.
Another anonymous bid of $220 million was made for a 1,752-acre parcel on the east side. This section includes 11 acres leased to the Irvine Unified School District until 2016 and 26 acres that may be used for the homeless.
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