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Stock impact report

PCH project in Huntington Beach to move forward with environmental impact report [Los Angeles Times (CA)]

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
up to 800 residential units and 350 hotel rooms, is poised to be the subject of a draft environmental impact report. Last spring, energy company California Resources Corp. announced it had applied to rezone its 1.2-mile long property between Goldenwest Street and Seapoint Street, on the inland side of PCH. The site has served as an oil and gas production complex, but Long Beach-based C.R.C. proposes to the amendment of the city of Huntington Beach's Palm/Goldenwest specific plan, which designates 94% of the property for commercial uses. The updated plan for the site would include residential areas on both the north and south ends of the property, with a commercial area in the middle and an open space/park north of Seapoint. There would be three entrances along PCH — a primary entrance and two secondary entrances — along with entrances at the north and south ends of the property, on Seapoint and Goldenwest streets, respectively. The city of Huntington Beach has released an initia Show less Read more
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