Deal for new city fuels Los Angeles County development boom

LOS ANGELES (AP) — A new city of 58,000 residents could rise in Southern California now that a deal has been reached to end a decades-long development battle.

The Los Angeles Times reports environmental groups on Monday agreed to  the pact, clearing the way for the Newhall Ranch project in the Santa Clarita Valley.

It will join other large developments in the works along the Interstate 5 corridor that together are likely to transform one of the last undeveloped sections of Los Angeles County.

Under the deal, developer FivePoint Holdings agreed to provide $25 million for conservation efforts aimed at protecting endangered species.

The project was proposed during the development boom of the 1980s and was stalled repeatedly by protests and legal challenges.

Thousands of homes would be built over 30 years.

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