Author: Roger Bloom

The proposed museum will be one of the main attractions of the Cultural Terrace West area of the Great Park, adjacent to the existing Sports Complex.

The museum will total some 220,000 square feet — including 94,000 square feet of exhibition space and a 125,000 square-foot sculpture garden and plaza.

It will also feature a 300-seat auditorium, a gift shop and conference rooms, and an Asian Food Hall, which will be added in the second phase.

Now that deal, brokered by Vice Mayor Larry Agran with Council support, is on the verge of also putting hundreds of millions of dollars into the City’s coffers.

 
Last year’s deal had All American Asphalt agreeing to sell its North Irvine plant and property to the City. The City would then shut the plant down and use the site and adjacent City-owned parcels to create a 700-acre nature preserve.

The Irvine Company agreed to dedicate to the City a 70-acre parcel at Jeffrey Road and Portola Parkway zoned for residential development, which the City would then sell to developers to cover the cost of purchasing the plant.

 
The cost of the asphalt plant purchase and site cleanup was estimated at $330 million, and the sale of the residential property was estimated to just about cover that.

 
Now, a year later, the bids are in and the Council has accepted Brookfield Residential’s offer of $600-650 million for the land and development rights to what’s been dubbed Gateway Village.