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After extended review, supervisors direct negotiations with C & C Waterford on 17th Street Santa Ana site
Summary
Following extensive questioning about affordability levels, demolition costs and financing assumptions, the board directed staff to negotiate with the C & C Waterford team for development of the county‑owned 1725 W. 17th St. site; the motion carried 4–1 after months of competing proposals.
The Board of Supervisors directed county negotiators to begin dealings with C & C Development and Waterford Property Company to develop the county‑owned 1725 West 17th Street site in Santa Ana after a long review of competing proposals and a day of probing questions from supervisors.
Two finalist teams presented their proposals to the board. Scott Mayer, representing TAP BFR/True America, described a mixed‑use plan with roughly 300 units and told the board the proposal relied primarily on private financing with about $40 million of developer equity. ‘‘Our project will be privately financed with approximately $40,000,000…skin in the…
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