Irvine Hands Lennar Corp a Sweetheart Great Park Deal

According to this piece in the LA Times, it looks like housing builder Lennar Corp is getting a great deal.

Oh yeah, you know the golf course they were contracted to build in exhcange for the right to build a few houses?

Well, never mind that, forget the golf course.  Just give us a fairly paltry 58 mil, and we’ll call it even.  Well, more than even because now you get to build up to 5,000 housing units on land surrounding the park.

Because that’s exactly what I go to a park for, to be surrounded by thousands of houses.

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