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Southern California OC News


IRVINE TO PURCHASE ASPHALT PLANT FOR $285 MILLION

The roadway to the entry of All American Asphalt in Irvine, Calif., on Dec. 9,
2020. (John Fredricks/The Epoch Times)
By Julianne Foster
Julianne Foster


View profile
April 12, 2023Updated: April 12, 2023
biggersmaller
Print
0:002:15

1




The Irvine City Council voted unanimously April 11 to purchase the controversial
All American Asphalt plant for $285 million.

Nearby residents have been complaining to the city for years of terrible odors
coming from the plant as well as potentially harmful pollutants in the air.

Because of this, the city filed a public nuisance lawsuit against the plant in
2020, which will be settled with the conclusion of the land sale.



The plant will now close in mid-November and the city’s purchase is expected to
be complete on Feb. 1, 2024, paving the way for most of the property to be
preserved—it will be called Gateway Preserve—and more than 70 acres to be
developed for housing.

“The closure of the All American Asphalt plant and the restoration of the site
to its natural state will greatly enhance the quality of life for residents,”
Councilman Larry Agran, a member of the All American Asphalt city council
subcommittee, said in a statement.

The approximately 700-acre preserve will consist of 300-acres of existing
city-owned land, the 11-acres originally belonging to the asphalt plant, and
another 375-acres transferred to the city from the Irvine Company.

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Advertisement







“The creation of the Gateway Preserve is an incredible testament to what the
city, in partnership with the community, can accomplish when goals and visions
align,” Mayor Farrah Khan said in a statement. “This monumental agreement is a
remarkable achievement for our community and residents of North Irvine.”

The development at the site at the northeast corner of Jeffrey Road and Portola
Parkway will include 400 to 450 single-family homes as part of the masterplan
development for the North Irvine area.



The city will pay in three non-refundable deposits: $28.5 million on June 15,
$228 million within five days of the plant ceasing production mid-November, and
$28.5 million on February 1, 2024, the day before the close of escrow on the
property.



Related Topics
 * irvine
 * All American Asphalt

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