Las Lomas Project Controversy

The Signal has uncovered some information that is very relevant to the proposed Las Lomas Project(Development scheduled off the 5 by Calgrove). 

Apparently Palmer Investments (aka Las Lomas) doesn’t really own all the land yet.  According to the Signal’s latest reveal, it owns less than half of the 555 acres.  251 of those acres are owned by a 77 year old Van Nuys resident who has been kept out of the loop about the massive development planned for his property.  Yes it is true that he did sign an agreement with Palmer Investments pledging his commitment to the project and giving them an option to buy, but he is still the current owner and has not been kept in the loop of all the meetings and controversy regarding his portion of the land which is mainly the southern portion on the hill.

The Signal does a great job outlining their discovery so if you haven’t already seen the headline in todays paper, check it out here.