A real estate deal in the works for nearly 30
years is finally coming to fruition and will net the financially
strapped Walnut Valley Unified School District a whopping $25 million.
The district-owned land in question is a 30.36-acre empty lot
in a very prominent spot – the southeast corner of Brea Canyon Road and
Diamond Bar Boulevard. The long-discussed plan calls for an
all-residential development not to exceed 200 homes.
The Diamond Bar City Council Tuesday night signed off on a
complicated zoning plan and development agreement that gives the school
district the green light to sell the property it owns, known by most as
“Site D,” to a to-be-determined developer for pure profit.
Read more in Steve Scauzillo’s story LAND.