City leaders are cheering on the billion dollar investment they have planned for the park, but many of their biggest projects remain fuzzy on the details.
Tag: Mello-Roos
Posted inOutdoors
Irvine To Approve Over $1 Billion in New Great Park Debt to Finance New Projects
The Great Park’s total bond debt is now over $1.5 billion, and is set to be paid off by special taxes on homes surrounding the park over the next several decades.
Posted inOutdoors
Irvine Raises Great Park Bond Debt Ceiling
City council members unanimously pushed forward with the new plan for the Great Park, with staff saying they plan to issue bonds in the near future.
Posted inOutdoors
Irvine Looks To Raise Great Park Bonds Ceiling to $2 Billion
While the shift would not increase taxes for the Great Park residents, it nearly doubles the city’s earlier limit on how much they could spend on the park.
Posted inEconomy
Rancho Mission Viejo’s Latest Neighborhood, Rienda, Gets Infrastructure Funding Approved
The money will be paid back by new homeowners after the neighborhoods are finished being built.
Posted inGovernment
More Transparency Coming for New Great Park Homebuyers in Irvine
The new required disclosures make it clear where their special tax dollars go, the total amount they’re paying and what they get back for that investment.
Posted inGovernment
Irvine Great Park Development Going Back to Drawing Board After Seven Years
After over a year of almost no progress, the city council is preparing to tackle the Great Park construction problem once again.
Posted inGovernment
When Will OC Homeowners in Ladera Ranch Get Property Tax Refunds?
While county officials are promising to end the special Mello Roos taxes, they wouldn’t say when that will happen until after a week of requests and after this article was originally published.
Posted inGovernment
Irvine to Consider Increasing Great Park Residents’ Control Over Their Special Taxes
While neighborhood residents pay some of the highest property taxes in the city, they have almost no say on where that money goes.
Posted inIrvine
Irvine Residents Rail Against Great Park Special Tax While City Council Changes Park Name
Homeowners near the Great Park are on the hook for millions of dollars in special taxes to fund the park’s construction and they want a seat at the discussion table.
