Land Developer Sues Calif. Coastal Commission for $490M
Law360, Los Angeles (November 8, 2016, 7:03 PM EST) -- The California Coastal Commission has been hit with a $490 million lawsuit in California state court by developers for denying approval of a restoration project on 401 acres that would add new homes and retail space because of what the developers allege were inaccuracies and misinformation.
Newport Banning Ranch LLC, along with Cherokee Newport Beach and Aera Energy, contend the state commission wrongly denied them a permit under the Coastal Act to turn a 401-acre parcel that's partly occupied by oil wells into a restoration project containing parks, trails, new homes, a coastal inn and retail and commercial space.
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