Tres Hermanos Land Update
It appears the City of Industry may not be able to afford the Tres Hermanos Property (Upper Tonner Canyon). The most recent appraisal puts the land between $75-$125 Million. The original purchase price in 1978 was $12M. The developer (South Coast Communities) proposes open space, 1881 units, and 38 acres of commercial/mixed use. View the article here.