$2 million or billions? Newport-Mesa Unified's board sizes up competing visions for coastal land [Los Angeles Times (CA)]
Rivian Automotive, Inc. (RIVN)
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Source: Los Angeles Times
are feeling especially charitable, it could be preserved by a local nonprofit seeking to do just that. The school district's parcel is adjacent to the Randall Preserve, and if the Coastal Corridor Alliance could purchase it, the goal would be to keep it as open space to protect endangered species, including the burrowing owl, California gnatcatcher and San Diego fairy shrimp. As was pointed out by school board member Krista Weigand, the $2 million offered by the preservation alliance for the land falls far short of the value of such scenic coastal Newport Beach property. “I appreciate the offer, but it was $2 million for 11 acres of ocean view land — the median home price in Newport Beach is $3.5 million on 7,000 square feet,” Weigand said during a Jan. 20 meeting. According to a report on that meeting by my Daily Pilot colleague Sara Cardine, the school board heard a report from Jeff Dixon, the district's chief business officer, who outlined the bids on the property that the
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RIVN
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- 2/12/26 - Miss
RIVN
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- 2/18/26 - Form 4
- 2/18/26 - Form 4
- 2/18/26 - Form 4
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