Tustin Legacy Disposition Strategy Approved
On April 25, 2011, the Tustin City Council approved the “Tustin Legacy Disposition Strategy for the Former Master Development Footprint” (View the Executive Summary). With the termination of the Master Developer in the Summer of 2010, the City Council in the Fall of 2010 directed staff in conjunction with their consultant team to prepare of a disposition strategy for the former master developer footprint. The purpose of the effort was to reframe the City’s approach for marketing and development of the property and to specifically identify potential early implementation opportunities.
With the approved Disposition Strategy the City will assume the role as the Executive Master Developer by subdividing the former master developer site into development packages that will be acquired and developed by private sector developers including on-site and off-site infrastructure improvements. The City Council approved the strategy as the best framework for moving forward with the Tustin Legacy project while continuing to remain focused on the Project’s original vision – a dynamic, urban master planned community – a place to Live, Work and Play!
Over the next few months, the City staff will solicit developer interest on four “Early Development Opportunity Sites" that tie in with the construction of the Tustin Ranch Road extension from Warner Avenue and to Walnut Avenue and are also located in close proximity to The District at Tustin Legacy. These disposition packages were selected because of their proximity to existing infrastructure and adjacent development. There will be a developer selection process in place that will assist the City in determining who the most qualified developers are for each select disposition package. The overall selection of a developer for each individual disposition package will need to be approved by the City Council.