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Developer to buy land from Hope in California

SHARE Developer to buy land from Hope in California

A developer has agreed to buy two properties from Bob Hope, clearing the way for a massive housing development in the countryside.

Ahmanson Land Co. confirmed this week that it will purchase 4,700 acres and then donate it to park agencies, meeting a Los Angeles County requirement for open space. The Hope land is the Runkle Ranch near Simi Valley and Corral Canyon near Malibu.The Ahmanson Ranch development will cover hilly grassland with 3,050 homes, two schools, a 400,000-square-foot commercial complex, a 300-room hotel and two golf courses.