County approves agreement for Lake Front development
When people start buying new houses again, the developer of a master-planned community on Lake Almanor want to be ready to sell them.
On Tuesday, March 13, the Plumas County Board of Supervisors approved a development agreement with Lake Almanor Associates LP for a future community on the Lake Almanor Peninsula.
The Lake Front at Walker Ranch, which has been in the works since 2003, took another step toward becoming a reality thanks to the supervisors’ unanimous approval.
But before the vote, Supervisor Lori Simpson asked the developers to explain their reasoning, considering the terrible housing market.
“The economy is so poor. But you are planning ahead in hopes the economy will rebound?” Simpson asked. “... Is that the plan? I mean it must be.”
Mark Nicholson, speaking on behalf of the project’s owners, said having the development agreement was critical to attract working partners for the project.
“On a project this size, we want to act as the master developer and partner with other people on developing out this project,” Nicholson said. “Nobody wants to partner on a project like this if it has a short window. And so that’s a big reason for the development agreement.”For more on this story, see the March 21 edition of your local newspaper.