July 16, 2012
..."Tejon Ranch Co. wants to plunk down a midsize city of 23,000 homes, and 14 million square feet of commercial and retail space in the county's northwest corner...
"It's hard to see a project like this happening right now," said Chris Redfearn, associate professor with the USC Price School of Public Policy. "But Tejon Ranch has a very long time horizon. So the key for them will be to bring this project forward at a time when the cycle turns once again and the demand will be there..."