More dumb Tejon ideas

[SDHNTR]

This is what happens when your company is land rich and cash-flow poor. Man I hope the hogs tear the hell out of that golf course and the front yards of all the yuppy granola munchers.

( DJ ) 05/23 04:15PM PRESS RELEASE: Tejon Ranch Company - DMB Associates Finalize Partnership; Joint Venture to Develop Tejon Mountain Village
TEJON RANCH, Calif.--(BUSINESS WIRE)--May 23, 2006--
Tejon Ranch Company (NYSE:TRC) today announced the signing of a joint
venture agreement with DMB Associates of Scottsdale, Ariz., a leading
resort/recreational planned community developer in the West, to jointly
develop and build Tejon Mountain Village. The partnership unites two companies
that share a common vision of high-quality, environmentally sensitive
development.
"DMB's outstanding reputation and track record as a developer of
resort/recreational and primary home communities makes it the perfect company
to help us develop Tejon Mountain Village," said Robert A. Stine, President
and CEO of Tejon Ranch Company. "Another strength DMB brings to the
partnership," added Stine, "is the success it's had collaborating and reaching
consensus with major conservation groups."
DMB's equity investment in the partnership could ultimately exceed $100
million.
Tejon Mountain Village is designed to be one of America's premier mountain
residential/resort communities -- a 23,000-acre nature reserve made possible
by a sensitively planned 5,000-acre mountain retreat. Tejon Mountain Village
will allow people to live in harmony with nature and protect the natural
environment at the same time. It will offer a variety of beautiful homes and
building sites, from golf and lakeside homes to mountain and equestrian
estates, a number of small resort hotels, championship golf courses, hiking
and equestrian trails and a variety of lakeside amenities.
"Tejon Mountain Village has all the ingredients for success," said Drew
Brown, Managing Director and CEO of DMB Associates, Inc. "It's located just an
hour or so north of Los Angeles, the landscape and views are spectacular and
the environmentally sensitive plan respects the land. Together with Tejon
Ranch Company, we're looking forward to turning this wonderful location into a
special place where residents and guests can enjoy this beautiful natural
setting."
The joint venture, Tejon Mountain Village LLC, will spend the next several
months moving forward with planning and entitlement efforts.
The development of Tejon Mountain Village is part of the Tejon Ranch Vision,
or master plan for the future of the Ranch. The Tejon Ranch Vision begins with
conservation, which is represented by the 100,000-acre Tejon Ranch Preserve
the Ranch unveiled in June 2005 with its conservation partner, The Trust for
Public Land. The Ranch Vision affirms Tejon's commitment to its historic
ranching, farming and hunting operations. In addition to Tejon Mountain
Village, Tejon's master plan for the development of its landholdings includes
expansion of Tejon Industrial Complex and the building of the sustainable new
town of Centennial. Tejon Ranch is partnered with Pardee Homes, Standard
Pacific Homes and Lewis Investment Company in the development of Centennial.

About Tejon Ranch Company (NYSE:TRC)

Tejon Ranch Company is a diversified real estate development and
agribusiness company, whose principal asset is its 270,000-acre land holding
located approximately 60 miles north of Los Angeles and 30 miles south of
Bakersfield. For more information on the company, please go to
www.tejonranch.com. For more information on Tejon Mountain Village, please go
to www.tejonmountainvillage.com.

About DMB Associates

Founded in 1984 and headquartered in Scottsdale, AZ, DMB is one of the most
active community developers in the West, with properties in Arizona,
California, Utah and Hawaii. The firm's name is synonymous with high-quality
real estate development. For more information visit, www.dmbinc.com.

The statements contained herein, which are not historical facts, are
forward-looking statements based on economic forecasts, strategic plans and
other factors, which by their nature involve risk and uncertainties. In
particular, among the factors that could cause actual results to differ
materially are the following: business conditions and the general economy,
market forces, the ability to obtain various governmental entitlements and
permits, interest rates and other risks inherent in real estate businesses.
For further information on factors that could affect the Company, the reader
should refer to the Company's filings with the Securities and Exchange
Commission.

CONTACT: Tejon Ranch Company
Barry Zoeller, (661) 663-4212
bzoeller@tejonranch.com

SOURCE: Tejon Ranch Company
Copyright Business Wire 2006

(END) Dow Jones Newswires
05-23-06 1615ET

 

[Coues]

"Tejon Ranch Company (NYSE:TRC) today announced the signing of a joint venture agreement with DMB Associates of Scottsdale, Ariz., a leading resort/recreational planned community developer in the West, to jointly develop and build Tejon Mountain Village. "





That's weird, right now I am working on the drawings for DMB's new offices in Scottsdale.

How about I re-route the bathroom fan to exhaust into the CEO's office?

 

[spectr17]

I'm so tired of seeing prime hunting land turned into golf courses so folks in goofy looking pants can hit a little white ball around. What a huge waste of land. Does every community need a golf course now? There must be 30 of them with 20 miles of my house. Just what we need in the arid west, more lush green grass to keep up. Of course the owners always tell you it's recycled water they use but that recycled water has to come from somewhere. To me golf courses in the west are the epitome of our stupidity. Wanna know why we are short water out here, you don't have to look far.

 

[One Track]

I'm going to make an offer on a three bedroom/four car garage right at the top of Speckmisser Ridge Road!

 

[Speckmisser]

<div class='quotetop'>QUOTE </div>

Tejon Mountain Village will allow people to live in harmony with nature and protect the natural environment at the same time. It will offer a variety of beautiful homes and building sites, from golf and lakeside homes to mountain and equestrian estates, a number of small resort hotels, championship golf courses, hiking and equestrian trails and a variety of lakeside amenities.[/b]

AAAAAHHHHHGGGGGHHHHH!!!!!

That statement would be funny as hell if it didn't piss me off so bad!

 

[snoopdogg]

Uh, that just doesn't sound good. Beginning of the end, ya think?

 

[SDHNTR]

Do it Coues, Do it!

And why does it not surprise me that their office is in Scottsdale?

 

[FredtheGad]

Hey looks like the kittys will get a new menu item.

 

[Rancho Loco]

Say bye-bye to the squirrel ridge and canyon area, all the way up Beartrap Canyon...


http://www.tejonranch.com/tmv/index.asp#

 

[betelgeuse]

It's only a matter of time before dollars override good sense, bummer.

 

[Rancho Loco]

If you download the PDF map, they have housing all over the squirrel ridge area, down south of the lake, and east into Beartrap, and above all along on Ghegus ridge.

F@$!

 

[wmidbrook]

Yeah, it's a real pi$$er. <div class='quotetop'>QUOTE </div>

The Tejon Ranch Vision begins with
conservation, which is represented by the 100,000-acre Tejon Ranch Preserve[/b]

I kinda speculated a year or two ago when that preserve was announced that at least that block will be left in perpuity (hopefully)...But, it's definately beyond comprehension that it'd turn into such a sprawl!! Like Speck said, if I weren't so ticked, I'd laugh....then again, the investor in me says, "How do I get into phase 1? Could you make that two condo's on the rocks over the bluff pleeeeze?

Double guns, Hogs, Hummers and Landcruisers....rail guns & squirrel shoots.

 

[larrysogla]

Once those 25,000+ housing units are fully occupied, then the sheer density of people will shut down hunting in the 100,000 acre preserve, because of liability concerns. There will be no more firearm hunting, maybe just archery. Even archery might be restricted due to pro-animal rights residents. Definitely will kill hunting as we know it now at Tejon. The money involved in that gigantic real estate development is staggering and the hunting revenues cannot compare or compete. The hunting will simply be phased out or eliminated. The stock market price and the investors and the corporate earnings will be paramount. Just like any big corporation. 'Nuff said.

 

[spectr17]

4 freaking golf courses in the environmentally sensitive Tejon Village.

Tell me why you have to have 4 golf courses with 5-10 miles of each other?

 

[larrysogla]

They have to have a main attraction as a "come on" in their sales brochures. Sort of like an anchor store like Macy's or Sears in a shopping mall. They have to be lavish in the recreation amenities to attract people 60 miles to commute up in the mountains away from their employment in the L.A. megalopolis. It is a long and slippery commute during winter, snowy, icy conditions up in the mountains. It is definitely NOT good news for hunting in the surrounding areas. People will be hiking, driving, camping, sightseeing and what not. People density and liability concerns will always conflict with hunting. SAD. 'Nuff said.

 

[Coues]

<div class='quotetop'>QUOTE (spectr17 @ Jun 14 2006, 01:15 AM) <{POST_SNAPBACK}></div>

4 freaking golf courses in the environmentally sensitive Tejon Village.

Tell me why you have to have 4 golf courses with 5-10 miles of each other?[/b]

4 golf courses mean 4 club houses and 4 - 19th holes where they can sell over priced food, $40 t-shirts, and watered down bourbon.

The elk will love chewing on those greens and fairways in the winter. Wait till the first Hollywood Cowboy walks up to his ball on the green and sees his first 800lb rutting bull elk let loose a bugle. He'll poo his britches while sprinting for his Mercedes golf cart.

 

[Surfswest]

 

[FredtheGad]

Watering down good bourbon is a crime all by it self

Fred

 

[MJB]

That area is prime hunting for the south side. What a pisser....well if you can't beat'em I sure hate to join them.

I sure hope the wildlife heads over to the National Forest!!!

 

[baboltin]

NO