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Stock impact report

If environmental groups cave on an urban-sprawl project like Newhall Ranch, what are they good for? [Los Angeles Times (CA)]

Tejon Ranch Co (TRC) 
US:NYSE Investor Relations: ir.tejonranch.com
If environmental groups cave on an urban-sprawl project like Newhall Ranch, what are they good for? To the editor: I was outraged to read of yet another betrayal by major environmental organizations that allows for the use rather than the protection of nature. (“ Deal for new city at Newhall Ranch fuels development boom transforming northern L.A. County ,” Sept. 25) In 2008, so-called environmentalists sold out on massive developments on Tejon Ranch. This week, they gave up on the Newhall Ranch. What other priceless gifts of nature will they compromise in the name of “affordable housing”? These properties are both vital habitat for the California condor, yet they are far from existing urban infrastructure, the classic definition of the leapfrogging that’s responsible for urban sprawl. This kind of development exacerbates flooding and contributes to global warming. How soon we forget the devastation in Houston and elsewhere. Robert Leyland, Los Angeles .. To the editor: Show less Read more
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