Newport Beach Expected to Yank Banning Ranch Approvals this Week

The OC Register

By Lauren Williams

A long-planned development of hundreds of homes and expansive retail space this week likely will lose the approvals it received from the Newport Beach City Council five years ago, dealing the controversial project yet another blow. On Tuesday, the Newport Beach City Council is expected to vote to vacate all approvals for the Newport Banning Ranch project, which has been proposed for the 401-acre historic oil field that sits in an unincorporated area at the intersection of Newport Beach, Costa Mesa and Huntington Beach.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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