Navy wants El Toro sold fast

[question everything]

Tuesday, August 17, 2004

Financial pressure of Iraq motivates change to selling the 3,700 acres online quickly as one single parcel.

BY JEFF ROWE
The Orange County Register

The Navy now says it wants to sell the old El Toro base land as soon as possible rather than stretch out the process in a sequential auction of four parcels.

All the military services are under growing pressure to dispose of surplus assets, consolidate operations and privatize housing, base maintenance and other non-combat related tasks.

(snip)

"We must free up funding to support our troops," said Raymond F. DuBois Jr., deputy under secretary of defense for installations and environment.

El Toro is expected to be sold this fall in an online auction similar to that used to sell the old Tustin base, which fetched about $1 million an acre.

More..

http://www.ocregister.com/ocr/2004/08/17/sections/local/local/article_205473.php

[pfitz59]

1. Toxic waste site.....

"Must build homes on toxic wastes...." Love canal. Should bulldoze the place and let nature reclaim it. OC needs more open space.

[The Sushi Bandit]

2. So now Rep. Cox will push to sell it to Korean Investors

He is such a dickhead...